firm's capital investment with respect to investment opportunity. As a direct measure for the productivity of banks, we …This paper proposes one measure for the productivity of banks and studies how it affects the sensitivity of a client … (Financial Intermediation Services Indirectly Measured) concept, per its operating cost. We combine such productivity panel …

explanation for this phenomenon. We show that, instead of dampening productivity shocks, the banking sector tends to exacerbate …

are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank …

vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

decline in economic activity, productivity, employment, foreign direct investment exports, liquidity, weakening the banking … to the fall of liquidity due to the weakening of the banking sector, which results in lower consumption and investment … reduction in foreign direct investment by developed countries, the decline in exports due to lower demand from developed …

high-productivity firms for investment and productivity enhancement, the latter suggests credit misallocation towards … exhibit a significant investment boost despite receiving more loans. However, these high-productivity firms displayed positive … study aims to examine whether the capital injections primarily benefited high-productivity firms or were misallocated to …