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dc.contributor.authorBenfratello, Luigien_US
dc.contributor.authorSchiantarelli, Fabioen_US
dc.contributor.authorSembenelli, Alessandroen_US
dc.date.accessioned2006-09-27en_US
dc.date.accessioned2010-07-07T09:11:35Z-
dc.date.available2010-07-07T09:11:35Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/33408-
dc.description.abstractIn this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it increases the probability they will engage in R&D.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 2032en_US
dc.subject.jelD24en_US
dc.subject.jelG21en_US
dc.subject.jelG38en_US
dc.subject.jelO31en_US
dc.subject.jelO33en_US
dc.subject.ddc330en_US
dc.subject.keywordbanksen_US
dc.subject.keywordfinancial developmenten_US
dc.subject.keywordinnovationen_US
dc.subject.keywordR&Den_US
dc.subject.keywordinvestmenten_US
dc.subject.stwRegionalbanken_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwInnovationen_US
dc.subject.stwInvestitionen_US
dc.subject.stwItalienen_US
dc.titleBanks and innovation: microeconometric evidence on Italian firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn509753906en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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