distributed between inventors and investors. As a result, bank lending for firm R&D has been rare. However, firms can signal the … potential to alter the risk assessment of the firm’s main bank. Additionally, we explore heterogeneities in these risk … assessments arising from the industry level and the main bank’s portfolio. We test our theoretical predictions for a sample of …

distributed between inventors and investors. As a result, bank lending for firm R&D has been rare. However, firms can signal the … potential to alter the risk assessment of the firm’s main bank. Additionally, we explore heterogeneities in these risk … assessments arising from the industry level and the main bank’s portfolio. We test our theoretical predictions for a sample of …

customers in a credence goods market: the level of competition, the expert firm’s financial situation, its competence, and its … that regularly checks the reliability of garages in Germany. We find that more intense competition and high competence …

customers in a credence goods market: the level of competition, the expert firm's financial situation, its competence, and its … that regularly checks the reliability of garages in Germany. We find that more intense competition and high competence …

Using German establishment data, this paper examines the relationship between product market competition and the extent … of employer provided training. We demonstrate that high product market competition is associated with increased training … except when the competition is so severe as to threaten liquidation to a firm. We take this as evidence of an inverted U …