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Bank Ownership and Firm Innovation (English)

This paper studies the effect of bank ownership on product innovation by borrowing firms, highlighting the role of the state, foreign, and combined foreign-state bank ownership. It uses Enterprise Survey data for more than 22,000 firms in 49 countries from 2016 to 2020, linked to Fitchconnect data on banks: their ownership, soundness indicators, and legal origins. The paper confirms that a firm's access to bank credit is associated with a greater...
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De Nicola,Francesca; Melecky,Martin; Iootty De Paiva Dias,Mariana.

Bank Ownership and Firm Innovation (English). Policy Research working paper ; no. WPS 10458 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099515205302312976

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