innovation activities of their business customers. Individual banks' liquidity shocks are identified by the degree of interbank … total innovation expenditures in comparison to the periods before. Our results imply that those firms which have a business … relation to a bank with higher interbank market reliance reduce their innovation activities during the financial crisis to a …

financial crisis 2008/2009 on their business customers’ innovation activity. Using a matched bank-firm data set for Germany, we … find that having relations with a more severely affected bank seriously hampers firms’ current innovation activities due to … initiate new product and process innovations and to reallocate human resources to innovation during the financial crisis. …

innovation is naturally seen as the key driver of future (high) economic growth. We sample listed nonfinancial firms from eight … cash flow sensitivity of R&D investment, suggesting more stable funding of innovation. Overall, there does not seem to be …

von Innovationen, ohnehin durch partielles Marktversagen erschwert, wird durch die Wirtschafts- und Finanzkrise noch …