Research Details

Abstract

This paper examines the characteristics of firms that adopt new financial products and its association with measures of performance. We build a novel firm-level panel dataset and document a positive association between intangible capital and the adoption of new products. We also find that access to external financing through new types of securities is associated with size growth and further investments into intangibles. These findings have important implications for understanding the role that financial innovation can play in meeting the financing needs of firms that rely heavily on intangible capital

Type

Article

Author(s)

Sara Moreira, Ana Babus, Marzani Matias

Date Published

2023

Citations

Moreira, Sara, Ana Babus, and Marzani Matias. 2023. Innovation for Innovators: The Financing of Intangibles.