TY  - UNPD
A1  - Krzyzanowski, Jan
A1  - Walz, Uwe
T1  - Bank regulation, lending and patenting: evidence from the EBA capital exercise
T2  - SAFE working paper ; No. 330
N2  - We analyze the impact of decreases in available lending resources on quantitative and qualita- tive dimensions of firms’ patenting activities. We thereby make use of the European Banking Authority?s capital exercise to carve out the causal effect of bank lending on firm innovation. In order to do so we combine various datasets to derive information on firms’ financials, their patenting behaviors, as well as their relationships with their lenders. Building on this self- generated dataset, we provide support for the “less finance, less innovation” view. At the same time, we show that lower available financial resources for firms lead to improvement in the qualitative dimensions of their patents. Hence, we carve out a “less finance, less but better innovation” pattern.
T3  - SAFE working paper - 330 
KW  - financing
KW  - bank
KW  - lending
KW  - patents
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/61995
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-619951
UR  - https://ssrn.com/abstract=3979770
N1  - We are grateful for financial support by the European Patent Office (EPO) Academic Research Programme.
IS  - November 2021
PB  - SAFE
CY  - Frankfurt am Main
ER  -