financial crisis 2008/2009 on their business customers’ innovation activity. Using a matched bank-firm data set for Germany, we … find that having relations with a more severely affected bank seriously hampers firms’ current innovation activities due to … initiate new product and process innovations and to reallocate human resources to innovation during the financial crisis. …

innovation activities of their business customers. Individual banks' liquidity shocks are identified by the degree of interbank … total innovation expenditures in comparison to the periods before. Our results imply that those firms which have a business … relation to a bank with higher interbank market reliance reduce their innovation activities during the financial crisis to a …

Public procurement has been at the centre of recent discussions on innovation policy on both European and national … levels (e.g., Aho-Report, Barcelona Strategy). It has a large potential to stimulate innovation since it accounts for 16% of … combined EU-15 GDP. We embed public procurement for innovation into the broader framework of public policies to stimulate …

The use of public procurement to promote private innovation activities has attracted increasing attention recently … to investigate whether this reform stimulated innovation in the business sector. Across a wide set of specifications …