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2018 | OriginalPaper | Buchkapitel

Innovation, Banking Development and Governance

verfasst von : Jihene El Ouakdi, Dorra Guermazi, Khira Alimi

Erschienen in: Digital Economy. Emerging Technologies and Business Innovation

Verlag: Springer International Publishing

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Abstract

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.

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Titel: Innovation, Banking Development and Governance
verfasst von: Jihene El Ouakdi
Dorra Guermazi
Khira Alimi
Verlag: Springer International Publishing
Buch: Digital Economy. Emerging Technologies and Business Innovation
Print ISBN: 978-3-319-97748-5

Electronic ISBN: 978-3-319-97749-2

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-3-319-97749-2_6

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