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How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By restructuring loans to firms with poor prospects and...
Persistent link: https://www.econbiz.de/10013453926
The global financial crisis and stiff market competition enhance risk exposures that raise debate on the cost of financial intermediation and the supremacy of banks' efficiency. This study examines the concurrent effects of bank risk, efficiency and cost of financial intermediation of...
Persistent link: https://www.econbiz.de/10014001383
The global financial crisis and stiff market competition enhance risk exposures that raise debate on the cost of financial intermediation and the supremacy of banks' efficiency. This study examines the concurrent effects of bank risk, efficiency and cost of financial intermediation of...
Persistent link: https://www.econbiz.de/10013184225
concentration upon innovation, focusing on robust findings, questions of interpretation, and the identification of major gaps. We … also consider the more modest literature that considers the effect on innovation of firm characteristics other than size …
Persistent link: https://www.econbiz.de/10014025172
in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …
Persistent link: https://www.econbiz.de/10014025173
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exhaustively explain innovation, the role of ownership competence, profits, the function of financial markets, wealth and income … theoretical basis for the importance of new venture creation as a source of innovation-driven growth; entrepreneurs must establish …
Persistent link: https://www.econbiz.de/10015175732
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