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- W3208189521 abstract "We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent 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 funding shortages. Furthermore, we find that firms with a relationship to a less severely affected bank are more likely to initiate new product and process innovations and to reallocate human resources to innovation during the financial crisis." @default.
- W3208189521 created "2021-11-08" @default.
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- W3208189521 date "2018-01-01" @default.
- W3208189521 modified "2023-10-02" @default.
- W3208189521 title "Bank Credit Supply and Firm Innovation" @default.
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- W3208189521 doi "https://doi.org/10.2139/ssrn.3132358" @default.
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