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

Min Yuan, Wenjun Chen and Jialiang Qin

Economics Letters, 2021, vol. 209, issue C

Abstract: 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.

Keywords: Catch-up innovation; Bank-based financing; Distance to frontier; Trade openness; Three-way interaction (search for similar items in EconPapers)
JEL-codes: F62 F65 G21 O16 O33 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:209:y:2021:i:c:s0165176521003669

DOI: 10.1016/j.econlet.2021.110089

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