data set that covers almost a decade of monthly firm bank information from credit registry information that is not publicly … information on firms' micro characteristics as well as perceptions of credit. The data allow identification of how firms …' characteristics, banks' characteristics, and macro variables affect firms' demand for credit, banks' supply of credit, and access to …

. These results connect the availability of external credit with real activity in entrepreneurial firms in a way that has …

that many of CEE countries experienced a credit crunch during the last recession, it is proposed that financing constraints … substantial, as the probability of credit constrained firms undertaking R&D activities is around 70% lower and firms' R … for R&D did not increase in the financial crisis. It is also confirmed that, conditional on credit constraints, firms’ R …