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Cost of Capital for Pharmaceutical, Biotechnology, and Medical Device Firms  

Scott E. Harrington

Print publication date:
Apr 2012
Online publication date:
Sep 2012
This article provides new estimates of systematic risk and the cost of equity capital for the pharmaceutical, biotechnology, and medical device sectors. The main analysis employs data for ... More

Financing Research and Development  

Sean Nicholson

Print publication date:
Apr 2012
Online publication date:
Sep 2012
This article examines whether market distortions and failures prevent biopharmaceutical firms from raising the optimal level of R&D funding and, if market failures exist, how markets have ... More

Payday Lending: New Research and the Big Question  

John P. Caskey

Print publication date:
Nov 2012
Online publication date:
Dec 2012
Payday lending is controversial. In the states that allow it, payday lenders make cash loans that are typically for $500 or less, and the borrower must repay or renew the loan on his or her next ... More

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