Research on the relation between innovation strategy and capital structure of firms

被引：0
|
作者：
Huang Guoliang
Li Qiang
机构：
来源：
Proceedings of 2005 International Conference on Innovation & Management | 2005年
关键词：
innovation strategy; capital structure; dynamic environment;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
From the angle of minimizing the financing cost, this paper constructs a dynamic optimization model for the relation between innovation strategy and capital structure, and selects Chinese listed companies of energy to make empirical study. We find that investment on innovation strategy has a negative relation with debt ratio, and dynamic environment will further strengthen the negative relation.
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页码：67 / 71
页数：5
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