INOVASI DAN PENDANAAN
| Main Author: | W Wijantini |
|---|---|
| Format: | Article application/octet-stream eJournal |
| Bahasa: | eng |
| Terbitan: |
Jurnal Ekonomi
, 2010
|
| Subjects: | |
| Online Access: |
http://journal.tarumanagara.ac.id/index.php/FE/article/view/563 |
Daftar Isi:
- This article investigates the effect of financing structure on the firm’s engagement in innovative activity. Innovative firms are often seen to posses a deficient financial structure. Investment to innovation generally produces the intangible new knowledge that, as a marketed product, may yield great returns. However, the timing of these returns is more difficult to forecast and their probability is less clear. In other words, the result of innovation activity is uncertain and risky. Debt financing adds financial risk. Firms that take more debt are less likely to engage innovative activity. On the other side, firms that devote a larger percentage of their investment to research and development are more likely to have more equity. This article suggests the development of equity market to support innovation in Indonesia.