Baldi, Guido; Bodmer, André - In: Economics of Innovation and New Technology 27 (2018) 7, pp. 594-610
This paper presents evidence about how research and development (R&D) expenditures affect corporate cash holdings in … European country groups that differ in their innovation capacity. In theory, one can expect intangible investments such as R&D …. These countries carry out a relatively high proportion of cutting-edge R&D, which tends to be particularly risky and may be …