Frazzoni, Serena; Mancusi, Maria Luisa; Rotondi, Zeno; … - 2014
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 …