This paper provides new evidence on how access to finance impacts technological innovation and establishes the role of … labor practices in shaping the finance-innovation nexus. We exploit antebellum America, a unique setting where staggered … adoption of free banking laws across states encouraged bank entry, and regional divergence in the use of exploited workers …

This paper examines the association between bank liquidity creation and technological innovation. Using a comprehensive … measure of bank output, I find that bank liquidity creation stymies technological innovation, measured by patent … robustness checks. Further analysis reveals that small banks are more likely to promote firm innovation, and bank liquidity …

empirically examines the influence of fintech innovation on bank fragility. Mainly the destabilizing impact of fintech innovation … innovation policy even between the same regions could be rather different. Financial instability appeared also to increase bank …There is a momentous debate on the role played by financial technology (fintech) innovation in the fragility of the …

This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … allows to capture a crucial determinant of a firm's business strategy and its response to competition. The findings from the …

We provide new evidence on the effects of competition on incumbents' innovative behavior by examining the rise of …, competition from start-ups results in a higher number of FinTech patent applications by financial incumbents as compared to non …

We test how bank market power influences technical change and resource allocation of informationally opaque firms. We … identify the effect of bank market power using the dependence on external finance per industry and the regional demarcation of … generate useful private information. Bank market power spurs both technical change and reallocation of resources, but it …

We study how frictions in learning others' technology, termed "imperfect technology spillovers," impact firm innovation … strategies and the aggregate economy through changes in innovation composition. We develop an endogenous growth model that … generates strategic innovation decisions, where multi-product firms improve their products via own-innovation and enter new …

. Chapters cover issues in consolidation and restructuring, competition and concentration, performance evaluation in terms of … regression models to measure the impact of these reforms on bank performance during this period and assess whether or not the … Consolidation -- Chapter 4: Concentration and Competition -- Chapter 5: Cost Efficiency and Productivity -- Chapter 6: Profitability …