Cornaggia, Jess; Mao, Yifei; Tian, Xuan; Wolfe, Brian - In: Journal of Financial Economics 115 (2015) 1, pp. 189-209
We exploit the deregulation of interstate bank branching laws to test whether banking competition affects innovation. We find robust evidence that banking competition reduces state-level innovation by public corporations headquartered within deregulating states. Innovation increases among...
