Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing European firm-level data from a new survey, the EIBIS, we document the effect of bank loan terms on investment in intangible assets of non-financial corporations. We show that...

We use the association between non-financial firms and their banks, an information available in the European Investment Bank Investment Survey (EIBIS), to disentangle the effects of borrowers' and lenders' financial weakness on the satisfaction with the loan contracted. The dataset matches...

This report assesses the continuing impact of the crisis on investment in tangible and intangible assets, and on the financing of these investments. It also examines what competitiveness means in an increasingly open and integrated global marketplace and the key principles that competitiveness...