Authors: Peni, Mikko (2008).Download file: 'The financing of explorative and exploitative activities: A comparative study of the Finnish post-IPO high-tech companies' Master's Thesis, University of Tampere, Tampere, Finland
The Abstract
Companies that engage in explorative activities face challenges of organizing the financing to balance time asymmetry between expenses and incomes. Investments in explorative activities may bind relatively significant amount of resources while earnings from these activities are uncertain. Exploitation, indeed, often has an opposite impacts.
