Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001226977
Persistent link: https://www.econbiz.de/10003679102
Persistent link: https://www.econbiz.de/10003833644
We show that there is a U-shaped relationship between bank loan spread and borrower innovation activity, which indicates a ceiling for bank profit from lending to innovative firms. Experienced banks can benefit from lending to innovation-competitive firms by achieving lower covenant violation...
Persistent link: https://www.econbiz.de/10012984248