Haselmann, Rainer; Marsch, Katharina; Weder di Mauro, … - C.E.P.R. Discussion Papers - 2009
In this paper we analyze the impact of government and private ownership of banks on firms’ probability to innovate. We estimate firms’ decision to innovate and their selection of a main lender for a sample of 9000 German manufacturing companies. Since these two decisions may be...