We study whether relationship lending is conducive to the financing of innovation. Exploiting a negative shock to … results suggest that credit markets affect both the level of innovation activity and the distribution of innovative human …

the effects of financial barriers to the innovation propensity of Italian SMEs. Employing direct measures of financial … significantly lower than sound companies (-30%). Results document the existence of a feedback-effect of innovation on firmsÕ … of soft information in mitigating financial obstacles to innovation by improving the financial condition of more opaque …

quantifies the effects of financial barriers to the innovation propensity of Italian companies. Employing direct measures of … feedback-effect of innovation on firms' financial position. Results suggest that the innovative propensity of a company is … reflected onto a stronger depressive effect of financial constraints on innovation (-34%). Finally, the paper also provides …

This paper studies the impact of research and development (R&D) and innovation on employment growth, focusing on small … and medium-sized firms. Employment effects of R&D and innovation are unclear a priori as process innovation may be labor … both R&D and innovation increased employment growth, suggesting that innovation was either capital-saving or labor had …

' patents. We find evidence that the negative effect of stronger debtor protection on experimentation and innovation may be due … encourages innovation by reducing the cost of failure for innovators, we show that it can instead dampen innovative activities by …

In this study, I explore the role of international bank linkages on firm innovation. I find robust evidence that … innovation outcomes. Firms experience larger innovation gains borrowing more intensively from familiar international-linked banks … information and screen firms with higher innovation qualities, allowing additional credits available to higher-quality firms in …