Whom you borrow from matters: universal banks and firm innovation
Abstract
Purpose The purpose of this paper is to empirically investigate universal banks as an important source of external funding and their effects on borrowing firms’ innovation outputs. Design/methodology/approach The authors employ regression analyses including a difference-in-difference approach and a two-sided matching method to ensure the robustness of the findings. The authors further explore some potential channels and boundary conditions for...
Paper Details
Title
Whom you borrow from matters: universal banks and firm innovation
Published Date
Aug 12, 2019
Journal
Volume
45
Issue
8
Pages
1001 - 1019
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