firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to …

relation to a bank with higher interbank market reliance reduce their innovation activities during the financial crisis to a … innovation activities of their business customers. Individual banks' liquidity shocks are identified by the degree of interbank … total innovation expenditures in comparison to the periods before. Our results imply that those firms which have a business …

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 …

determined by (i) the specific time period (crisis vs. non-crisis) and (ii) the balance sheet strength of the firm's main bank in … terms of bank capital. Results of difference-in-differences estimations utilizing three time periods: 2002-2006 (pre …

effect is particularly pronounced for firms that are affected by financing constraints on the firm or bank side. Finally, our …

for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …-taking and not managers. This contrast with public view that the bank managers are pushed by aggressive remunerations schemes to …

This paper investigates how competition and firm size affect the relationship between market uncertainty and R … Investitionsverhalten nicht eindeutig. In dieser Studie analysieren wir empirisch, wie Wettbewerb und Unternehmensgröße einen möglichen …