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| Sporleder, Thomas L.; Moss, Leeann E.; Nickels, Lori A.. |
| Firms in general, and high technology firms such as biotechnology firms in particular, are both a set of assets in place and growth opportunities. This has important implications for managerial decision-making. Knowledge capital motivates exploitation of growth options, which affects firm cash flow. In turn, the level and volatility of firm cash flow influences firm financing decisions. Previous studies suggest that knowledge capital can influence both the location and capital structure of firms in the biotechnology industry. However, the empirical analyses have not extended to agricultural biotechnology firms. The research reported here is motivated by a desire to understand the role of knowledge capital and other intangible assets in capital structure... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2002 |
URL: http://purl.umn.edu/16623 |
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