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.
引用
收藏
页码：67 / 71
页数：5
相关论文
共 50 条
  • [21] Empirical research on the role of internal social capital upon the innovation performance of cooperative firms
    David, Kashosi Gad
    Yang, Wu
    Bianca, Epede Mesumbe
    Getele, Gutama Kusse
    HUMAN SYSTEMS MANAGEMENT, 2021, 40 (03) : 407 - 420
  • [22] Innovation strategy and the patenting behavior of firms
    Carine Peeters
    Bruno van Pottelsberghe de la Potterie
    Journal of Evolutionary Economics, 2006, 16 : 109 - 135
  • [23] THE ROLE OF TECHNOLOGICAL INNOVATION IN A FIRMS STRATEGY
    WINDSOR, D
    TUGGLE, FD
    HUMAN SYSTEMS MANAGEMENT, 1981, 2 (04): : 306 - 315
  • [24] Innovation strategy and the patenting behavior of firms
    Peeters, C
    de la Potterie, BV
    JOURNAL OF EVOLUTIONARY ECONOMICS, 2006, 16 (1-2) : 109 - 135
  • [25] The impact of corporate strategy on capital structure: evidence from Italian listed firms
    Cappa, Francesco
    Cetrini, Giorgio
    Oriani, Raffaele
    QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2020, 76 : 379 - 385
  • [26] DETERMINANTS OF FIRMS CAPITAL STRUCTURE
    TAUB, AJ
    REVIEW OF ECONOMICS AND STATISTICS, 1975, 57 (04) : 410 - 416
  • [27] ON THE CAPITAL STRUCTURE OF INSURANCE FIRMS
    DOHERTY, N
    FINANCIAL MODELS IN INSURANCE SOLVENCY, 1989, : 267 - 281
  • [28] Study on the interactive relation between corporation human capital and technological innovation
    Wang Xiaobin
    Wang Xuejun
    Proceedings of 2005 International Conference on Innovation & Management, 2005, : 139 - 142
  • [29] Research of game mechanism on R&D innovation strategy for groups of firms
    Zhang, QS
    Zheng, WF
    PROCEEDINGS OF THE SINO-AUSTRALIAN CONFERENCE OF INNOVATION AND ENTREPRENEURSHIP, POLICY AND PRACTICE 2001S, 2002, : 116 - 129
  • [30] AN INQUIRY PROSPECT OF THE RELATION BETWEEN TECHNOLOGICAL INNOVATION AND BUSINESS STRATEGY
    GILARDONI, A
    INDUSTRIE ALIMENTARI, 1983, 22 (06): : 449 - 457
12345