on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations between bank stock returns …

conditional correlations between European bank stock indices. These correlations are used as an indication for the …

distributed between inventors and investors. As a result, bank lending for firm R&D has been rare. However, firms can signal the … potential to alter the risk assessment of the firm's main bank. Additionally, we explore heterogeneities in these risk … assessments arising from the industry level and the main bank's portfolio. We test our theoretical predictions for a sample of …