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Firms' innovative activities can be sensitive to public policies that affect the availability of capital for risky projects. In this paper, we investigate the effects of regional and temporal variation in U.S. personal bankruptcy laws on firms' innovative activities. We find bankruptcy laws that...
Persistent link: https://www.econbiz.de/10013007582
We exploit the deregulation of interstate bank branching laws to test whether banking competition affects innovation …
Persistent link: https://www.econbiz.de/10013066483
We exploit the deregulation of interstate bank branching laws to test whether banking competition affects innovation …
Persistent link: https://www.econbiz.de/10011115776
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 …
Persistent link: https://www.econbiz.de/10012938313
In times of digitalization, established firms operating in the financial services sector increasingly form alliances with start-up companies to satisfy the customers´ demand for rapid innovation and cope with the growing dynamics of markets. Technology-enabled innovation challenges traditional...
Persistent link: https://www.econbiz.de/10012057281
dependence. Also, we identify the shift in debt choice towards bank loans and the increase in creditor control as potential …
Persistent link: https://www.econbiz.de/10012853677
In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending …
Persistent link: https://www.econbiz.de/10010419911
Using data at the bank‐firm level for a large sample of small firms collected through the 8th UniCredit Survey … that a large internationalized bank more strongly supports product innovation, whereas there is no substantial difference …
Persistent link: https://www.econbiz.de/10013073453
's debt with its main bank to firm's total assets. Our results show that the strength of the bank-firm relation has a positive … through which the intensity of bank-firm relationship supports SMEs' international activities. …
Persistent link: https://www.econbiz.de/10011774346
In Thailand, the government has long recognized the importance of small and medium-sized enterprises (SMEs) to the economy and has given a large amount of financial support to this sector. Still, SMEs are not able to catch up with larger enterprises and the constraints to SME financing remain...
Persistent link: https://www.econbiz.de/10012983341