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The Effect of Restrictive Bank Lending on Innovation: Evidence from a Financial Crisis
Kipar, Stefan - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2011
Using unique micro-data on German firms, this paper estimates the effect of restrictive bank lending on innovation. In … restrictive bank lending increases a firm’s probability of discontinuing innovation projects by 21.6 percentage points. …
Persistent link: https://www.econbiz.de/10009251227
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Kreditvergabe und Innovationsaktivität in der Finanzkrise
Kipar, Stefan - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 80 (2011) 3, pp. 111-130
restrictive bank lending on firm innovation. Unter Verwendung eines einzigartigen Datensatzes zeigt dieser Beitrag die Entwicklung … der Kreditvergabebereitschaft von Banken an Unternehmen des Verarbeitenden Gewerbes in Deutschland während der Finanzkrise … unterschiedlicher Art aufgrund ihrer verschiedenen Geschäftsmodelle höchst unterschiedlich von der Finanzkrise getroffen. Unternehmen …
Persistent link: https://www.econbiz.de/10009371856
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Corporate governance and innovation: an organizational perspective
Belloc, Filippo - Volkswirtschaftliche Fakultät, … - 2010
Traditional economic studies of innovation, built on the contribution of Schumpeter, cannot explain why firms of the … same size and market power can show largely different innovation performances. Contrastingly, the literature on corporate … governance provides some useful insights for understanding corporate innovation activity, to the extent that such literature …
Persistent link: https://www.econbiz.de/10008529324
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Între Anteu şi Icarus
Daniel, Dăianu - In: Revista OEconomica (2012) 02
I made reference to the mythological Antheus to remark that the economy is better to have roots to increase its robustness, to protect it from adverse shocks. What would these roots be? Some are of an institutional nature and they determine the quality of public policy, the ability to respond to...
Persistent link: https://www.econbiz.de/10010965614
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Bank–firm relations and the role of Mutual Guarantee Institutions at the peak of the crisis
Bartoli, Francesca; Ferri, Giovanni; Murro, Pierluigi; … - In: Journal of Financial Stability 9 (2013) 1, pp. 90-104
We examine the role played by Mutual Guarantee Institutions (MGIs) in the lending policies undertaken by banks at the peak of the Great Crisis of 2007–2009. We address this issue by using a large database on Italian firms built from the credit files of UniCredit banking Group and focusing on...
Persistent link: https://www.econbiz.de/10010636146
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Soft information and loan supply crisis. Evidence from the credit files of a large bank
Bartoli, Francesca; Ferri, Giovanni; Murro, Pierluigi; … - In: Rivista Bancaria - Minerva Bancaria (2011) 5-6
Using a large database built from the credit files of UniCredit we focus on loans to small businesses at the peak of the crisis. We study the determinants of the worsening of financial tension up to March 2009 for those customers experiencing (or close to) financial tension already at the end of...
Persistent link: https://www.econbiz.de/10010561559
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Dealing with Financial Crises: How Much Help from Research?
Pagano, Marco - Centro Studi di Economia e Finanza (CSEF) - 2014
Has economic research been helpful in dealing with the financial crises of the early 2000s? On the whole, the answer is negative, although there are bright spots. Economists have largely failed to predict both crises, largely because most of them were not analytically equipped to understand...
Persistent link: https://www.econbiz.de/10010885020
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Dealing with financial crises: How much help from research?
Pagano, Marco - Center for Financial Studies - 2014
Has economic research been helpful in dealing with the financial crises of the early 2000s? On the whole, the answer is negative, although there are bright spots. Economists have largely failed to predict both crises, largely because most of them were not analytically equipped to understand...
Persistent link: https://www.econbiz.de/10010958553
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The Role of State Intervention in the Financial Sector : Crisis Prevention, Containment, and Resolution
Cho, Yoon Je - East Asian Bureau of Economic Research (EABER) - 2010
This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10009363798
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Trust in Banks? Evidence from normal times and from times of crises
Knell, Markus; Stix, Helmut - Oesterreichische Nationalbank - 2009
Trust in financial institutions is of great importance for financial intermediation. Against this background, we study two questions: Has trust in banks declined during the global financial crisis and what factors determine the level of trust in banks? Employing survey evidence from Austrian...
Persistent link: https://www.econbiz.de/10008568440