Innovation, Banking Development and Governance

Autor:	Jihene El Ouakdi, Dorra Guermazi, Khira Alimi
Rok vydání:	2018
Předmět:	050208 finance Corporate governance 0502 economics and business 05 social sciences Control (management) Financial system Business 050207 economics Financial development Affect (psychology)
Zdroj:	Lecture Notes in Business Information Processing ISBN: 9783319977485 ICDEc
Popis:	We investigate the influence of banking development on innovation, including firms that are dependent on external finance. We control, furthermore, the corporate governance impact. Using data from the listed French companies on the SBF 120, we find positive effect of banking development on innovation by financing R&D investments, including firms that are dependent on external finance. Further, when innovation is measured by new patents, the impact of banking development disappear. However, corporate governance seems to affect significantly innovation, including a positive effect of independent outside directors in the board.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b58e1dbe635cdbce3173dab5a664457e https://doi.org/10.1007/978-3-319-97749-2_6 Zobrazit plný text záznamu