This paper assesses the role of relationship lending in explaining simultaneously the innovation activity of Small and …'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 … SME's increased propensity to introduce product innovation. We further discuss the financial and non-financial channels …

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 …

credit constraints on firm-level innovation. We find that access to bank credit helps firms to adopt existing products and … acquiring external know-how. We find no evidence that bank credit also stimulates firm innovation through in-house R&D. This …

measured by technical efficiency, export performance, and technological innovation. This study also examines the key factors … performance as measured by export performance and technological innovation performance. The results also reveal that financial …