increases the probability they will engage in R&D. -- banks ; financial development ; innovation ; R&D ; investment …

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …), we find that increases in Italian banks' CDS spreads and decreases in their equity valuations lead younger and smaller …

Do media slant news in favor of the banks they borrow from? We study how lending connections affect news coverage of … banks earnings reports and of the Eurozone sovereign debt crisis on major newspapers from several European countries. We … find that newspapers cover announcements by their lenders - relative to those of other banks - significantly more when they …

analyzes whether banks can support firms' export by reducing informational asymmetries about foreign markets. We exploit a … large sample of Italian firms for which we merge custom data with information on their lender banks. We identify a shock … mainly reduce firms' fixed entry costs in a foreign market. The analysis also shows that other channels, such as bank credit …

domestic and foreign banks, as these new banks attempt to minimize costs of adverse selection. Networking however discriminates …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to … implications of such defaults for both households and banks. Results from a calibrated version of the model highlight the role of …

Agricultural credit is one of the most crucial inputs in all agricultural development programmes. Access of rural … credit has still remained scarce in India. Primary Agriculture Credit Societies (PACS) working at grass-root level, having … institution. The present study examines the recovery performance of rural credit given by PACS in six different regions of India …

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

of start-ups in which firms' sales and profits depend on their productivity and access to credit. However, due to the … lack of collateral assets such as land, female entrepreneurs have more constrained access to credit than do men. Testing …