Innovation indicators and corporate credit ratings: evidence from German firms

被引：43
|
作者：
Czarnitzki, D
Kraft, K
机构：
[1] Ctr European Econ Res, ZEW, D-68034 Mannheim, Germany
[2] Univ Dortmund, D-44227 Dortmund, Germany
来源：
ECONOMICS LETTERS | 2004年 / 82卷 / 03期
关键词：
firm value; credit rating; innovation; intellectual property; discrete regression models;
D O I：
10.1016/j.econlet.2003.09.016
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The literature on the relationship between firm value and knowledge capital is based on stock market valuation. We use a credit rating score as an alternative measure. Innovative firms achieve better ratings, whilst too many innovative activities reduce the rating. (C) 2004 Elsevier B.V. All rights reserved.
引用
收藏
页码：377 / 384
页数：8
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