EIB Working Paper 2021/05 - The impact of bank loan terms on intangible investment in Europe
Using EIBIS data, this paper investigates the effects of different loan conditions on firms' propensity to invest in intangible assets. When firms face restriction in how much they can borrow, this has a strong effect on how much they invest in intangible assets. Using European firm-level data...
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European Investment Bank
2021
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