external finance, to identify a causal effect of bank credit supply on firm investment in innovation. We show that firms that … growth rate of R&D spending, as well as lower R&D intensity and share of R&D investment in total investment during periods of …

external finance, to identify a causal effect of bank credit supply on firm investment in innovation. We show that firms that … growth rate of R&D spending, as well as lower R&D intensity and share of R&D investment in total investment during periods of …

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 …

Die Finanzkrise hat gezeigt, dass die Adäquanz der aufsichtsrechtlichen Regeln und der Rechnungslegung von Banken … Ergebnisse legen nahe, dass die Genossenschaften die stabilste Bankengruppe in der Finanzkrise 2007/2008 bildeten. Dies sollte …

Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally … potential and, in particular when it comes to lack of risk capital, their innovation and R&D activity. Against this background …, a conference on "Financing SMEs in Europe" was jointly organised by SUERF and the Banque de France on 11 and 12 …

In this article we estimate the value of “Non-R&D Innovation Expenditures” in Europe. We use data from the European … Innovation Scoreboard-EIS of the European Commission from the period 2010-2019. We test data with the following econometric … “Non-R&D Innovation Expenditures” is positively associated among others to “Innovation Index” and “Firm Investments” and …

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. …