incentives, risk management models and procedures, conflicts of interest and bank strategies. Their perspectives are quite …

Using unique micro-data on German firms, this paper estimates the effect of restrictive bank lending on innovation. In … main relationship bank belonged. Using this institutional feature as an instrument for credit access reveals that … restrictive bank lending increases a firm’s probability of discontinuing innovation projects by 21.6 percentage points. …

relation to a bank with higher interbank market reliance reduce their innovation activities during the financial crisis to a …

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 … funding shortages. Furthermore, we find that firms with a relationship to a less severely affected bank are more likely to …

effect is particularly pronounced for firms that are affected by financing constraints on the firm or bank side. Finally, our …

determined by (i) the specific time period (crisis vs. non-crisis) and (ii) the balance sheet strength of the firm's main bank in … terms of bank capital. Results of difference-in-differences estimations utilizing three time periods: 2002-2006 (pre …

Finanzkrise vorgeschlagen oder bereits politisch umgesetzt worden sind. …