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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GA19-20771S" target="_blank" >GA19-20771S: Firemní růst a výkonnost</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Financial Services Research

ISSN

0920-8550

e-ISSN

1573-0735

Svazek periodika

63

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

34

Strana od-do

1-34

Kód UT WoS článku

000764988600001

EID výsledku v databázi Scopus

2-s2.0-85125746832