innovation. In particular, industries whose younger firms depend more on external finance realize faster rate of technological …

innovation. In particular, industries whose younger firms depend more on external finance realize faster rate of technological …

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 …. The reduction in innovation quantity is concentrated in innovation activities that are unrelated to the violating firm …

interstate banking deregulation had significant beneficial effects on the quantity and quality of innovation activities …

This paper examines the association between bank liquidity creation and technological innovation. Using a comprehensive … measure of bank output, I find that bank liquidity creation stymies technological innovation, measured by patent … robustness checks. Further analysis reveals that small banks are more likely to promote firm innovation, and bank liquidity …

effects on product innovation in the consumer-goods sector. We combine highly granular retail-scan data with lending data from … innovation. Overall, these findings suggest that disruptions to credit markets make firms innovate less and less boldly …

The most important motivating factor for enhancing innovation activity is lending as a stimulus for the development of …

. Equity is a preferable source of external finance for innovation than debt. It does not require collateral, does not …