-up firms over the period 2007-2009, we find that high-tech startups are less likely to use bank finance and face more … difficulties in raising bank finance than low-tech start-ups. We find that external credit scores do affect the availability of …-tech start-ups than low-tech start-ups. Start-ups that have their main relation with a small bank use more bank finance and …

-up firms over the period 2007-2009, we find that high-tech startups are less likely to use bank finance and face more … difficulties in raising bank finance than low-tech start-ups. We find that external credit scores do affect the availability of …-tech start-ups than low-tech start-ups. Start-ups that have their main relation with a small bank use more bank finance and …

We examine the effect of bank interventions on corporate innovation and firm value via the lens of debt covenant … violations. Bank interventions have a significantly negative effect on innovation quantity, but no significant effect on quality … capital redeployment appears a plausible underlying mechanism through which bank interventions refocus innovation scope and …

This paper studies how bank market power affects firm creation in innovative industries. Theoretically, I show that the … effect of bank market power is ambiguous. I exploit a 2012 policy intervention in Italy, designed to foster firm creation in … innovative industries through public bank guarantees. The policy increased firm creation in innovative industries by 50%, but the …

This study investigates how a firm’s debt structure and the presence of keiretsu main bank relationship conjointly … public debt fosters innovation, and bank debt destroys innovation. However, keiretsu main bank relationships can mitigate the … negative effect of bank debt. Once a firm is affiliated with a keiretsu, the main bank relationship helps generate 1.57% (or 3 …