Why Do Innovative Firms Hold So Much Cash? Evidence from Changes in State R&D Tax Credits

Full Text Reports... 2014-10-14

Summary:

Why Do Innovative Firms Hold So Much Cash? Evidence from Changes in State R&D Tax Credits (PDF) Source: Federal Reserve Board This paper uses the staggered changes of R&D tax credits across U.S. states and over time as a quasi-natural experiment to examine the impact of innovation on corporate liquidity. By generating plausibly independent variation […]

Link:

http://fulltextreports.com/2014/10/14/why-do-innovative-firms-hold-so-much-cash-evidence-from-changes-in-state-rd-tax-credits/

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Tags:

business and economics federal reserve board taxation

Authors:

fulltextreports

Date tagged:

10/14/2014, 14:50

Date published:

10/14/2014, 13:00