I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct new measures of firm-level physical and i

I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct new measures of firm-level physical and i

October 1996 The findings suggest that across very different financial systems, financial markets and intermediaries have a comparative advantage in funding sho

How do frictions associated with idea-based, 'intangible' capital shape firm dynamics, innovative activity and the distribution of their rewards? I isolate and

We study bank portfolio allocations during the transition of the real sector to a knowledge economy in which firms use less tangible capital and invest more in