HIGHLIGHTS
- who: Yixin Chen and Junrui Zhang from the Department of Accounting and Finance, School of Management, Xi'an Jiaotong University, Xi'an, China have published the paper: The Interdependence of Debt and Innovation Sustainability: Evidence from the Onset of Credit Default Swaps, in the Journal: (JOURNAL)
- what: The authors show that a recent financial development credit (CDSs) may change the institutional logics of debt making debt useful to the financing innovation. The study investigates the potentially beneficial impact of CDS trading on cooperate debt financing of innovation activities. Based on the recent literature examining the . . .
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