Bank-based financing and catch-up innovation: A three-way interaction approach

被引：1

作者：

Yuan, Min ^{[1
]}

Chen, Wenjun ^{[2
]}

Qin, Jialiang ^{[3
]}

机构：

[1] Tongji Univ, Shanghai, Peoples R China

[2] Ningbo Univ Technol, Ningbo, Peoples R China

[3] Univ Shanghai Sci & Technol, Shanghai, Peoples R China

来源：

ECONOMICS LETTERS | 2021年 / 209卷

关键词：

Catch-up innovation; Bank-based financing; Distance to frontier; Trade openness; Three-way interaction; DISTANCE; FRONTIER; GROWTH;

D O I：

10.1016/j.econlet.2021.110089

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This research provides evidence that the positive or negative effect of bank-based financing on catch-up innovation is conditional on the joint moderating effects of distance to frontier and trade openness. These findings help explain the mechanism underlying the link between financial development and regional innovation. (c) 2021 Elsevier B.V. All rights reserved.

引用

页数：4

共 14 条

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[2]

Aghion P, 2005, Q J ECON, V120, P173, DOI 10.1162/0033553053327515

[3]

Allen Franklin., 2000, Comparative Financial Systems

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