Banking and innovation: a review

References

• Aghion, P., and J. Tirole. 1994. “The Management of Innovation.” The Quarterly Journal of Economics 109 (4): 1185–1209. doi:10.2307/2118360.
   Web of Science ®Google Scholar
• Amore, M. D., C. Schneider, and A. Žaldokas. 2013. “Credit Supply and Corporate Innovation.” Journal of Financial Economics 109 (3): 835–855. doi:10.1016/j.jfineco.2013.04.006.
   Web of Science ®Google Scholar
• Atanassov, J., V. Nanda, and A. Seru. 2007. “Finance and Innovation: The Case of Publicly Listed Firms.” Unpublished Working Paper. University of Oregon, Georgia State of Technology, and University of Chicago.
   Google Scholar
• Ayyagari, M., A. Demirgüç-Kunt, and V. Maksimovic. 2011. “Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition.” Journal of Financial and Quantitative Analysis 46 (6): 1545–1580. doi:10.1017/S0022109011000378.
   Web of Science ®Google Scholar
• Balsmeier, B., L. Fleming, and G. Manso. 2017. “Independent Boards and Innovation.” Journal of Financial Economics 123 (3): 536–557. doi:10.1016/j.jfineco.2016.12.005.
   Web of Science ®Google Scholar
• Beck, T., and R. Levine. 2002. “Industry Growth and Capital Allocation: Does Having a Market- or bank-based System Matter?” Journal of Financial Economics 64 (2): 147–180. doi:10.1016/S0304-405X(02)00074-0.
   Web of Science ®Google Scholar
• Beck, T., R. Levine, and A. Levkov. 2010. “Big Bad Banks? the Winners and Losers from Bank Deregulation in the United States.” The Journal of Finance 65 (5): 1637–1667. doi:10.1111/j.1540-6261.2010.01589.x.
   Web of Science ®Google Scholar
• Benfratello, L., F. Schiantarelli, and A. Sembenelli. 2008. “Banks and Innovation: Microeconometric Evidence on Italian Firms.” Journal of Financial Economics 90 (2): 197–217. doi:10.1016/j.jfineco.2008.01.001.
   Web of Science ®Google Scholar
• Berger, A. N. 2010. “Small Business Lending by Banks: Lending Technologies and the Effects of Banking Industry Consolidation and Technological Change.” In The Oxford Hand Book of Banking, edited by A. N. Berger, P. Molyneux, and O. S. John, 531–549. NY: Oxford University Press.
   Google Scholar
• Berger, A. N., I. Hasan, and L. F. Klapper. 2004. “Further Evidence on the Link between Finance and Growth: An International Analysis of Community Banking and Economic Performance.” Journal of Financial Services Research 25 (2/3): 169–202. doi:10.1023/B:FINA.0000020659.33510.b7.
   Google Scholar
• Bhattacharya, U., and H. Daouk. 2002. “The World Price of Insider Trading.” The Journal of Finance 57 (1): 75–108. doi:10.1111/1540-6261.00416.
   Web of Science ®Google Scholar
• Black, S. E., and P. E. Strahan. 2002. “Entrepreneurship and Bank Credit Availability.” The Journal of Finance 57 (6): 2807–2833. doi:10.1111/1540-6261.00513.
   Web of Science ®Google Scholar
• Chava, S., A. Oettl, A. Subramanian, and K. V. Subramanian. 2013. “Banking Deregulation and Innovation.” Journal of Financial Economics 109 (3): 759–774. doi:10.1016/j.jfineco.2013.03.015.
   Web of Science ®Google Scholar
• Cihak, M., A. Demirguc-Kunt, E. Feyen, and R. Levine. 2012. “Benchmarking Financial Systems around the World.” Policy Research working paper no. WPS 6175.
   Google Scholar
• Cornaggia, J., Y. Mao, X. Tian, and B. Wolfe. 2015. “Does Banking Competition Affect Innovation?” Journal of Financial Economics 115 (1): 189–209. doi:10.1016/j.jfineco.2014.09.001.
   Web of Science ®Google Scholar
• Demyanyk, Y., C. Østergaard, and B. E. Sørensen. 2007. “U.S. Banking Deregulation, Small Businesses, and Interstate Insurance of Personal Income.” The Journal of Finance 62 (6): 2763–2801. doi:10.1111/j.1540-6261.2007.01292.x.
   Google Scholar
• Ferreira, D., G. Manso, and A. C. Silva. 2014. “Incentives to Innovate and the Decision to Go Public or Private.” The Review of Financial Studies 27 (1): 256–300. doi:10.1093/rfs/hhs070.
   Web of Science ®Google Scholar
• Friedman, M., and A. J. Schwartz. 1963. A Monetary History of the United States, 1867–1960. Princeton: Princeton University Press.
   Google Scholar
• Grossman, S. J., and O. D. Hart. 1986. “The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration.” Journal of Political Economy 94 (4): 691–719. doi:10.1086/261404.
   Web of Science ®Google Scholar
• Hall, B. H., A. B. Jaffe, and M. Trajtenberg. 2001. “The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools.” National Bureau of Economic Research Working Paper No. 8498.
   Google Scholar
• Herrera, Ana, M., and R. Minetti. 2007. “Informed Finance and Technological Change: Evidence from Credit Relationships.” Journal of Financial Economics 83 (1): 223–269. doi:10.1016/j.jfineco.2005.12.001.
   Google Scholar
• Hombert, J., and A. Matray. 2016. “The Real Effects of Lending Relationships on Innovative Firms and Inventor Mobility.” Review of Financial Studies 30 (7): 2413–2445. forthcoming.
   Google Scholar
• Hsu, P.-H., X. Tian, and X. Yan. 2014. “Financial Development and Innovation: Cross-country Evidence.” Journal of Financial Economics 112 (1): 116–135. doi:10.1016/j.jfineco.2013.12.002.
   Web of Science ®Google Scholar
• Jaffe, A. B. 1989. “Characterizing the “Technological Position” of Firms, with Application to Quantifying Technological Opportunity and Research Spillovers.” Research Policy 18 (2): 87–97. doi:10.1016/0048-7333(89)90007-3.
   Web of Science ®Google Scholar
• Kerr, W. R., and R. Nanda. 2009. “Democratizing Entry: Banking Deregulations, Financing Constraints, and Entrepreneurship.” Journal of Financial Economics 94 (1): 124–149. doi:10.1016/j.jfineco.2008.12.003.
   Web of Science ®Google Scholar
• King, R. G., and R. Levine. 1993. “Finance, Entrepreneurship and Growth: Theory and Evidence.” Journal of Monetary Economics 32 (3): 513–542. doi:10.1016/0304-3932(93)90028-E.
   Web of Science ®Google Scholar
• Kogan, L., D. Papanikolaou, A. Seru, and N. Stoffman. 2017. “Technological Innovation, Resource Allocation, and Growth.” The Quarterly Journal of Economics. forthcoming 132 2: 665–712. 10.1093/qje/qjw040.
   Web of Science ®Google Scholar
• Laeven, L., R. Levine, and S. Michalopoulos. 2015. “Financial Innovation and Endogenous Growth.” Journal of Financial Intermediation 24 (1): 1–24. doi:10.1016/j.jfi.2014.04.001.
   Web of Science ®Google Scholar
• Lerner, J., M. Sørensen, and P. Strömberg. 2011. “Private Equity and long-run Investment: The Case of Innovation.” The Journal of Finance 66 (2): 445–477. doi:10.1111/j.1540-6261.2010.01639.x.
   Web of Science ®Google Scholar
• Levine, R., C. Lin, and L. Wei. 2017. “, Insider Trading and Innovation.” Journal of Law and Economics. forthcoming 60 4: 749–800. 10.1086/696384.
   Google Scholar
• Lybbert, T. J., and N. J. Zolas. 2012. “Getting Patents and Economic Data to Speak to Each Other: An “Algorithmic Links with Probabilities” Approach for Joint Analyses of Patenting and Economic Activity.” WIPO Economics & Statistics Working Paper Series. Maksimovic, Vojislav, and Pegaret Pichler, 2001, Technological innovation and initial public offerings, The Review of Financial Studies 14, 459-494.
   Google Scholar
• Maksimovic, V., and P. Pichler. 2001. “Technological Innovation and Initial Public Offerings, the Review of Financial Studies 14, 459-494.Mukherjee, Abhiroop, Manpreet Singh, and Alminas Žaldokas, 2017, Do Corporate Taxes Hinder Innovation?” Journal of Financial Economics 124: 195–221.
   Google Scholar
• Mukherjee, A., M. Singh, and A. Žaldokas. 2017042017. “”Do Corporate Taxes Hinder Innovation?”.” Journal of Financial Economics 124 (1): 195–221. doi:10.1016/j.jfineco.2017.01.004
   Web of Science ®Google Scholar
• Nanda, R., and T. Nicholas. 2014. “Did Bank Distress Stifle Innovation during the Great Depression?” Journal of Financial Economics 114 (2): 273–292. doi:10.1016/j.jfineco.2014.07.006.
   Web of Science ®Google Scholar
• Petersen, M. A., and R. G. Rajan. 1994. “The Benefits of Lending Relationships: Evidence from Small Business Data.” The Journal of Finance 49 (1): 3–37. doi:10.1111/j.1540-6261.1994.tb04418.x.
   Web of Science ®Google Scholar
• Petersen, M. A., and R. G. Rajan. 1995. “The Effect of Credit Market Competition on Lending Relationships.” The Quarterly Journal of Economics 110 (2): 407–443. doi:10.2307/2118445.
   Web of Science ®Google Scholar
• Rajan, R. G. 1992. “Insiders and Outsiders: The Choice between Informed and arm’s-length Debt.” The Journal of Finance 47 (4): 1367–1400. doi:10.1111/j.1540-6261.1992.tb04662.x.
   Web of Science ®Google Scholar
• Rajan, R. G., and L. Zingales. 1998. “Financial Dependence and Growth.” The American Economic Review 88: 559–586.
   Web of Science ®Google Scholar
• Rajan, R. G., and L. Zingales. 2001. “Financial Systems, Industrial Structure, and Growth.” Oxford Review of Economic Policy 17 (4): 467–482. doi:10.1093/oxrep/17.4.467.
   Web of Science ®Google Scholar
• Rajan, R., and L. Zingales. 2003. “Banks and Markets: The Changing Character of European Finance.” National Bureau of Economic Research Working Paper No. 9595.
   Google Scholar
• Rice, T., and P. E. Strahan. 2010. “Does Credit Competition Affect small-firm Finance?” The Journal of Finance 65 (3): 861–889. doi:10.1111/j.1540-6261.2010.01555.x.
   Web of Science ®Google Scholar
• Schumpeter, J. A. 1911. The Theory of Economic Development. Cambridge, MA: Harvard University Press.
   Google Scholar
• Solow, R. M. 1957. “Technical Change and the Aggregate Production Function.” The Review of Economics and Statistics 39 (3): 312–320. doi:10.2307/1926047.
   Web of Science ®Google Scholar