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Financial Structure and Firm Innovation: Evidence from around the World

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dc.contributor.authorde Nicola, Francesca
dc.contributor.authorMiguel, Faruk
dc.contributor.authorMare, Davide S.
dc.date.accessioned2021-06-01T21:59:32Z
dc.date.available2021-06-01T21:59:32Z
dc.date.issued2021-05
dc.description.abstractThis paper analyzes the relationship between financial structure and innovation. Analysis of cross-country micro data over 2009–18 shows that a firm’s financial sources matter for the choice to innovate and the extent to which a firm innovates. The relationship is stronger for firms relying on non-bank financial intermediaries and for firms in low-technology sectors. Moreover, the use of external sources of finance is associated with improved prospects of innovation, especially in more financially developed countries. These findings suggest that developing the financial sector can bring benefits in terms of innovation.en
dc.identifierhttp://documents.worldbank.org/curated/en/145871621868536350/Financial-Structure-and-Firm-Innovation-Evidence-from-around-the-World
dc.identifier.doi10.1596/1813-9450-9670
dc.identifier.urihttps://hdl.handle.net/10986/35631
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; 9670
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINANCE
dc.subjectFIRM INNOVATION
dc.subjectENTREPRENEURSHIP
dc.subjectBANKING
dc.subjectRISK CAPITAL
dc.titleFinancial Structure and Firm Innovationen
dc.title.subtitleEvidence from around the Worlden
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleFinancial Structure and Firm Innovation: Evidence from around the World
okr.date.disclosure2021-05-24
okr.date.doiregistration2025-04-10T11:08:43.344196Z
okr.date.doiregistration2025-05-20T02:24:05.964595Z
okr.date.doiregistration2025-05-23T02:23:13.655059Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/145871621868536350/Financial-Structure-and-Firm-Innovation-Evidence-from-around-the-World
okr.guid145871621868536350
okr.identifier.doi10.1596/1813-9450-9670
okr.identifier.externaldocumentum090224b088611f57_1_0
okr.identifier.internaldocumentum33105931
okr.identifier.reportWPS9670
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/145871621868536350/pdf/Financial-Structure-and-Firm-Innovation-Evidence-from-around-the-World.pdfen
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicFinance and Financial Sector Development::Financial Structures
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitOffice of the Chief Economist, East Asia and the Pacific Region
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relation.isAuthorOfPublicationca96ab93-217d-4359-a222-2481b357efdb
relation.isAuthorOfPublication.latestForDiscoveryca96ab93-217d-4359-a222-2481b357efdb
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
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