NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Innovation and the Financial Guillotine

Ramana Nanda, Matthew Rhodes-Kropf

NBER Working Paper No. 19379
Issued in August 2013

---- Acknowledgements -----

We thank Gustavo Manso, Josh Lerner, Thomas Hellmann, Michael Ewens, Bill Kerr, Serguey Braguinsky, Antoinette Schoar, Bob Gibbons and Marcus Opp as well as seminar participants at CMU and MIT for fruitful discussion and comments. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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