Do credit market accessibility and legal protection shape corporate innovation?. (2nd August 2022)
- Record Type:
- Journal Article
- Title:
- Do credit market accessibility and legal protection shape corporate innovation?. (2nd August 2022)
- Main Title:
- Do credit market accessibility and legal protection shape corporate innovation?
- Authors:
- Shen, Danlin
Chen, Carl R.
Yan, Xinyan
Yi, Zhihong - Abstract:
- Abstract: We examine the effects of credit market accessibility and legal protection on corporate innovation in a pseudo‐multinational setting at the firm level, emphasizing the channels through which corporate innovation is affected. A horse race suggests that credit market accessibility facilitates innovation more than legal protection does. Credit market accessibility promotes innovation by alleviating financial constraints through reduced bank loan costs, larger bank loans, and more long‐term loans. Consistent with our reasoning, the effects are greater for private enterprises than for state‐owned firms.
- Is Part Of:
- Journal of financial research. Volume 45:Number 3(2022)
- Journal:
- Journal of financial research
- Issue:
- Volume 45:Number 3(2022)
- Issue Display:
- Volume 45, Issue 3 (2022)
- Year:
- 2022
- Volume:
- 45
- Issue:
- 3
- Issue Sort Value:
- 2022-0045-0003-0000
- Page Start:
- 719
- Page End:
- 754
- Publication Date:
- 2022-08-02
- Subjects:
- Finance -- Periodicals
Investments -- Periodicals
332 - Journal URLs:
- http://www.blackwellpublishing.com/journal.asp?ref=0270-2592&site=1 ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1111/jfir.12297 ↗
- Languages:
- English
- ISSNs:
- 0270-2592
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 4984.265000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 23304.xml