Bank risk and firm investment: evidence from firm-level data

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F23%3A00570718" target="_blank" >RIV/00216208:11640/23:00570718 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1007/s10693-022-00379-y" target="_blank" >https://doi.org/10.1007/s10693-022-00379-y</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10693-022-00379-y" target="_blank" >10.1007/s10693-022-00379-y</a>

Result language
angličtina
Original language name
Bank risk and firm investment: evidence from firm-level data
Original language description
Is higher bank risk-taking associated with more firm investment? Combining firm- and bank-level data, we examine the relation between bank risk and firm investment in a large sample of firms from nine European countries. We find that bank risk is positively associated with firm investment. Our finding accords with the modern theory of financial intermediation: risk taking by banks enhances firm investment as banks become more willing to perform their key function in the economy. Additionally, we also find that this positive relation is stronger for financially-constrained firms and when banks are more efficient.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics

Project
<a href="/en/project/GA19-20771S" target="_blank" >GA19-20771S: Corporate growth and performance</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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