Credit Supply and Corporate Innovation

Mario Daniele Amore, Cédric Schneider, Alminas Zaldokas

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

We present evidence that banking development plays a key role in technological progress. We focus on firms’ innovative performance, measured by patent-based metrics, and employ exogenous variations in banking development arising from the staggered deregulation of banking activities across U.S. states during the 1980s and 1990s. We find that deregulation had significant beneficial effects on the quantity and quality of innovation activities, especially for firms highly dependent on external capital and located closer to entering banks. Furthermore, we find that these results are partly driven by a greater ability of deregulated banks to geographically diversify credit risk.
OriginalsprogEngelsk
Publikationsdato2012
Antal sider49
DOI
StatusUdgivet - 2012
BegivenhedEuropean Economic Association & Econometric Society : 2012 Parallel Meetings - University of Málaga, Málaga, Spanien
Varighed: 27 aug. 201231 aug. 2012
http://www.eea-esem2012malaga.org/

Konference

KonferenceEuropean Economic Association & Econometric Society
LokationUniversity of Málaga
LandSpanien
ByMálaga
Periode27/08/201231/08/2012
Internetadresse

Emneord

  • Financial development
  • Banking deregulation
  • Innovation
  • Patents

Citationsformater

Amore, M. D., Schneider, C., & Zaldokas, A. (2012). Credit Supply and Corporate Innovation. Afhandling præsenteret på European Economic Association & Econometric Society , Málaga, Spanien. https://doi.org/10.2139/ssrn.2022235