| dc.contributor | 會計系 | en_US |
| dc.creator (作者) | 詹凌菁 | zh_TW |
| dc.creator (作者) | Chan, Ann Ling-Ching | en_US |
| dc.date (日期) | 2012 | en_US |
| dc.date.accessioned | 19-Feb-2014 16:54:35 (UTC+8) | - |
| dc.date.available | 19-Feb-2014 16:54:35 (UTC+8) | - |
| dc.date.issued (上傳時間) | 19-Feb-2014 16:54:35 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/64031 | - |
| dc.description.abstract (摘要) | The present study investigates the extent to which technology-related asymmetric information between corporate managers and outside investors has an adverse effect on the external financing activities of innovation-intensive firms. The results indicate that innovation-intensive firms are more likely to engage in equity financing when their valuation multiples are higher than those of their industry peers. This finding is more pronounced among firms with low institutional shareholdings and fewer brokers following them. The empirical evidence supports the misvaluation explanation, as well as the timing and type of security issuance if the agency problem is severe. The findings provide insights into the timing of company financing choices in a highly innovative developing economy. | en_US |
| dc.format.extent | 169087 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Applied Financial Economics, 22(20), 1665-1678 | en_US |
| dc.subject (關鍵詞) | innovation activity;patents;external financing;capital markets | en_US |
| dc.title (題名) | Innovation activity and corporate financing: evidence from a developing economy | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1080/09603107.2012.667547 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1080/09603107.2012.667547 | en_US |
