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External Financing Constraints and Firm's Innovative Activities During the Financial Crisis

Giebel, Marek - 2017

innovation activities of their business customers. Individual banks' liquidity shocks are identified by the degree of interbank … total innovation expenditures in comparison to the periods before. Our results imply that those firms which have a business … relation to a bank with higher interbank market reliance reduce their innovation activities during the financial crisis to a …

Persistent link: https://www.econbiz.de/10012941280

Subsidies and Innovation in the Recent Financial Crisis

Giebel, Marek; Kraft, Kornelius - 2022

We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...

Persistent link: https://www.econbiz.de/10013309766

External financing constraints and firm's innovative activities during the financial crisis

Giebel, Marek; Kraft, Kornelius - 2017

Persistent link: https://www.econbiz.de/10011762085

Providing the right skills to all in China : from "made in China" to "created in China"

Molnár, Margit; Koen, Vincent - 2015

, the quality of most patents is still low and innovation output is weak. Reforms are underway to address these problems but … nurturing research and innovation. This Working Paper relates to the 2015 OECD Economic Survey of China www.oecd.org/eco/surveys/economic-survey-china.htm …

Persistent link: https://www.econbiz.de/10011399425

Reflections on complementarities in capital formation & production : tangible & intangible assets across Europe

Thum-Thysen, Anna; Voigt, Peter; Weiss, Christoph - 2021

Persistent link: https://www.econbiz.de/10013187593

Measuring the impact of a bank failure on the real economy : an EU-wide analytical framework

Vacca, Valerio Paolo; Bichlmeier, Fabian; Biraschi, Paolo; … - 2021

The crisis management framework for banks in the European Union (EU) requires the resolution authorities to identify the existence of a public interest to resolve an ailing bank, rather than to open normal insolvency proceedings (NIPs). The Public Interest Assessment (PIA) determines whether...

Persistent link: https://www.econbiz.de/10012550336

Fintech in Europe : Promises and Threats

Baba, Chikako; Batog, Cristina; Flores, Enrique; … - 2021

Europe's high pre-existing level of financial development can partly account for the relatively smaller reach of …

Persistent link: https://www.econbiz.de/10013252043

Retrenchment of euro area banks and international banking models

Argimón, Isabel; Fernández Ortiz, Elena; … - 2020

In this paper, we analyze the importance of international banking models, along the operational and the funding dimensions, for the decline in international positions of European banks since the crisis. Using BIS Consolidated Banking Statistics, we find that the multinational model (higher...

Persistent link: https://www.econbiz.de/10012312194

Does credit growth in the EMU banking sector follow its capital adequacy?

Veselinovič, Draško; Fabijan, Janez; Vadnjal, Jaka - In: Journal of central banking theory and practice 12 (2023) 2, pp. 33-62

We put our hypothesis very straightforward, considering the euro area and the whole European Economic and Monetary Union (EMU) banking sector. The paper's central hypothesis that capital adequacy of the EMU banking sector influenced credit growth and activities in the nonfinancial sector was...

Persistent link: https://www.econbiz.de/10014316648

Productivity and Propensity : The Two Faces of the R&D-Patent Relationship

de Rassenfosse, Gaétan - 2011

This paper tackles one of the most persistent criticism of patent statistics. Because not all inventions are patented, the patent-to-R&D ratio reflects both a productivity effect (the number of inventions created per unit of research input) and a propensity effect (the proportion of inventions...

Persistent link: https://www.econbiz.de/10013132788