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| Sporleder, Thomas L.; Moss, Leeann E.. |
| Agricultural biotechnology firms are high technology companies. Firms in general, and high technology firms in particular, are a set of both 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, empirical analysis has not extended to agricultural biotechnology firms. This research helps in understanding the role of knowledge capital and other intangible assets in capital structure... |
| Tipo: Journal Article |
Palavras-chave: Capital structure; Agricultural biotechnology; Knowledge capital; Intangible assets; Agribusiness. |
| Ano: 2004 |
URL: http://purl.umn.edu/8123 |
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