Arbeitspapier
Bank credit supply and firm innovation
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 18-011
- Klassifikation
-
Wirtschaft
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Corporate Finance and Governance: General
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Innovation and Invention: Processes and Incentives
- Thema
-
financing of innovations
credit supply
financial crisis
innovative activities
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Giebel, Marek
Kraft, Kornelius
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2018
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-447651
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Giebel, Marek
- Kraft, Kornelius
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2018
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