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E&BSS: Corruption and management practices. Firm-level evidence - Daphne Athanasouli (UCL SSEES)

We argue that corruption can decrease aggregate productivity by deteriorating firm management practices.  More...

Starts: Mar 18, 2014 5:00:00 PM

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E&BSS: The urban-rural divide in educational outcome: Evidence from Russia - Chiara Amini (London Metropolitan University, UK)

This paper analyses the differences in educational achievement between urban and rural Russian secondary school students using data from the Program for International Student Assessment (PISA) surveys. More...

Starts: Feb 11, 2014 5:30:00 PM

E&BSS: Bank Lending and Firm Innovation: Evidence from Russia - Ralph De Haas (EBRD, UK)

Publication date: Jan 28, 2014 3:31:56 PM

Start: Feb 4, 2014 5:00:00 PM
End: Feb 4, 2014 6:30:00 PM

Location: Room 347, 16 Taviton Street, UCL, London, WC1H 0BW

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This paper presents evidence on the impact of credit constraints on firms' innovation behavior.

To identify this impact we combine data on the innovation activity of over 4,200 Russian firms; data on these firms' demand for and access to credit (including the lender identity); and data on the geographical location of 45,000 bank branches across Russia. We find that firms are less credit constrained in more concentrated credit markets where foreign banks have a higher market share. We then show that such reduced credit constraints translate into more firm innovation at both the extensive and intensive margins. These findings suggest that banks can play a crucial role in stimulating technological progress in emerging markets

Ralph De Haas is a Deputy Director of Research at the European Bank for Reconstruction and Development (EBRD). Prior to joining the EBRD, Ralph worked at the Banking Supervision and Monetary Policy Departments of the Dutch central bank and is currently a part-time Associate Professor of Finance at Tilburg University. His main research interests include international banking and financial integration, development economics, and small-business finance. He is currently working on large-scale randomized field experiments to measure the impact of microfinance on poverty alleviation in Bosnia, Mongolia, and Morocco. His recent publications include papers in American Economic Review Papers and Proceedings, Journal of Money, Credit, and Banking, Journal of Banking and Finance, Economic Policy and others.

All are welcome! 


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