Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing … European firm-level data from a new survey, the EIBIS, we document the effect of bank loan terms on investment in intangible … benefit from the complementarities of these assets. We document the effect of loan conditions on investment intensity, as well …

We show that supply-side financial shocks have a large impact on firms' investment. We develop a new methodology to … of aggregate loan and investment fluctuations …

companies, and on firm investment. Our results suggest that an increase in bank market power reduces firms' credit availability …This article investigates the short-term and long-term effects of bank market power on the availability of credit for … and investment in the short-term, but firm investment recovers in the long-term. The economic significance of these …

reform increasing secured creditors' protection, to estimate the effect of enforcement on firm access to finance, investment … of secured loans, as well as a larger increase in investment and value of output in the years following the reform. To …