Technology Spillovers, Asset Redeployability, and Corporate Financial Policies

Technology Spillovers, Asset Redeployability, and Corporate Financial Policies

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Technology Spillovers, Asset Redeployability, and Corporate Financial Policies

Prior research shows that technology spillovers across firms increase innovation, productivity, and value. We study how firms finance their own growth stimulated by technology spillovers from their technological peer firms. We find that greater technology spillovers lead to higher leverage.

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