Did Bank Distress Stifle Innovation During the Great Depression?
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下载链接：
https://www.nber.org/papers/w20392
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资源简介：
We find a negative relationship between bank distress and the level, quality and trajectory of firm-level innovation during the Great Depression, particularly for R&D firms operating in capital intensive industries. However, we also show that because a sufficient number of R&D intensive firms were
提供机构：
美国国家经济研究局
创建时间：
2014-08-01
