English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Arguably, R&amp;D remains one of the main drivers for signaling, and its essence in reducing bankruptcy risk (BR) is critical. We revisit the literature and debate and find that since 1982, R&amp;D investment has, on average, been increasing at an annual rate of 0.033%, while BR has been decreasing at an annual rate of 9.02%. Empirically, we find consistent evidence that R&amp;D investment reduces BR. Also, firms with a higher likelihood of bankruptcy have a higher marginal benefit from incremental investment in R&amp;D. Additional results suggest that capital structure and other signaling strategies matter in how R&amp;D affects BR.

Do or Die: Analysis of Bankruptcy Risk from a Research and Development Perspective