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dc.contributor.authorBenfratello, Luigien
dc.contributor.authorSchiantarelli, Fabioen
dc.contributor.authorSembenelli, Alessandroen
dc.date.accessioned2006-09-27-
dc.date.accessioned2010-07-07T09:11:35Z-
dc.date.available2010-07-07T09:11:35Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x2032en
dc.subject.jelD24en
dc.subject.jelG21en
dc.subject.jelG38en
dc.subject.jelO31en
dc.subject.jelO33en
dc.subject.ddc330en
dc.subject.keywordbanksen
dc.subject.keywordfinancial developmenten
dc.subject.keywordinnovationen
dc.subject.keywordR&Den
dc.subject.keywordinvestmenten
dc.subject.stwRegionalbanken
dc.subject.stwFinanzsektoren
dc.subject.stwInnovationen
dc.subject.stwInvestitionen
dc.subject.stwItalienen
dc.titleBanks and innovation: microeconometric evidence on Italian firms-
dc.type|aWorking Paperen
dc.identifier.ppn509753906en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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