IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/mnd4f.html
   My bibliography  Save this paper

Banking Credit and Innovation Technology: a Global Perspective

Author

Listed:
  • Leogrande, Angelo
  • Arnone, Massimo
  • Costantiello, Alberto

Abstract

The article reviews the linkage of banking credit with technological innovation at global level underlining that access to finance is important for and innovation. The domestic credit percentage involving the private sector to GDP allows projects of high risk but with a very high reward, projects that are key in increasing productivity and global competitiveness significantly. This paper explores that dynamic in infrastructure, creative industries, and greening technologies. Indeed, findings from such studies do show positive correlations, such as between credit and infrastructure development or creative exports, suggesting the capability of systems of finance to transform. These findings indicate the positive relationships that exist in some contexts, such as reduced R&D investment. Taking into account the ecological bottom line, this research underlines ecosystem-based strategies of banking, green credit, and poised financial regulations for sustainable development. Synthesizing into this paper provides actionable insight into how policy makers, financial institutions, and researchers can tap into the synergy between the financial system and innovation.

Suggested Citation

  • Leogrande, Angelo & Arnone, Massimo & Costantiello, Alberto, 2024. "Banking Credit and Innovation Technology: a Global Perspective," SocArXiv mnd4f, Center for Open Science.
    • Handle: RePEc:osf:socarx:mnd4f
    DOI: 10.31219/osf.io/mnd4f
    as

    Download full text from publisher

    File URL: https://osf.io/download/67443e38e2b7d18d90ac1ed6/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/mnd4f?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Qinglu Yuan & Huan Zhou, 2021. "An Analysis on Bank Credit and Industrial Structure Upgrading of Beijing-Tianjin-Hebei Region-Based on Technological Innovation Mode," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(1), pages 1-1.
    2. Vinicius Dezem & Swati Sachan & Marcelo Macedo & André Longaray, 2024. "Optimal data-driven strategy for in-house and outsourced technological innovations by open banking APIs," Future Business Journal, Springer, vol. 10(1), pages 1-30, December.
    3. Zheng, Mingbo & Feng, Gen-Fu & Wang, Quan-Jing & Chang, Chun-Ping, 2023. "Financial globalization and technological innovation: International evidence," Economic Systems, Elsevier, vol. 47(1).
    4. Kowalewski, Oskar & Pisany, Paweł, 2022. "Banks' consumer lending reaction to fintech and bigtech credit emergence in the context of soft versus hard credit information processing," International Review of Financial Analysis, Elsevier, vol. 81(C).
    5. Shusen Qi & Steven Ongena, 2020. "Fuel the Engine: Bank Credit and Firm Innovation," Journal of Financial Services Research, Springer;Western Finance Association, vol. 57(2), pages 115-147, April.
    6. Mduduzi Biyase & Talent Zwane & Precious Mncayi & Mokgadi Maleka, 2023. "Do Technological Innovation and Financial Development Affect Inequality? Evidence from BRICS Countries," IJFS, MDPI, vol. 11(1), pages 1-18, March.
    7. Chen Lin & Sibo Liu & Lai Wei, 2023. "Banking and innovation: a review," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 21(1), pages 143-176, January.
    8. Liu, Xiaohua & Zhao, Qiuhan, 2024. "Banking competition, credit financing and the efficiency of corporate technology innovation," International Review of Financial Analysis, Elsevier, vol. 94(C).
    9. Tinghua Liu & Jingru Wang & Dilesha Nawadali Rathnayake & Pierre Axel Louembé, 2022. "The Impact of Commercial Credit on Firm Innovation: Evidence from Chinese A-Share Listed Companies," Sustainability, MDPI, vol. 14(3), pages 1-23, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shusen Qi & Steven Ongena & Hua Cheng, 2022. "Working with women, do men get all the credit?," Small Business Economics, Springer, vol. 59(4), pages 1427-1447, December.
    2. Sachan, Swati & Almaghrabi, Fatima & Yang, Jian-Bo & Xu, Dong-Ling, 2024. "Human-AI collaboration to mitigate decision noise in financial underwriting: A study on FinTech innovation in a lending firm," International Review of Financial Analysis, Elsevier, vol. 93(C).
    3. Uche, Emmanuel & Ngepah, Nicholas & Onwe, Joshua Chukwuma & Zaman, Umer & Odhiambo, Nicholas M., 2024. "A question for sustainable development goal 10: How relevant is innovation patenting receipts to income distributions?," Technological Forecasting and Social Change, Elsevier, vol. 206(C).
    4. Edmund Mallinguh & Zeman Zoltan, 2022. "Financial Institution Type and Firm-Related Attributes as Determinants of Loan Amounts," JRFM, MDPI, vol. 15(3), pages 1-12, March.
    5. Yang, Kexin & Zhang, Qi & Liu, Qiqi & Liu, Jiangfeng & Jiao, Jie, 2024. "Effect mechanism and efficiency evaluation of financial support on technological innovation in the new energy vehicles’ industrial chain," Energy, Elsevier, vol. 293(C).
    6. Xu, Kun & Liu, Jie & Teng, Zhong-lu & Wang, Weicheng, 2024. "Risk culture of banks and corporate innovation: Evidence from Chinese listed companies," International Review of Economics & Finance, Elsevier, vol. 94(C).
    7. Theocharis, Dimitrios & Rodrigues, Vasco Sanchez & Pettit, Stephen & Haider, Jane, 2021. "Feasibility of the Northern Sea Route for seasonal transit navigation: The role of ship speed on ice and alternative fuel types for the oil product tanker market," Transportation Research Part A: Policy and Practice, Elsevier, vol. 151(C), pages 259-283.
    8. Guo, Yuanyu & Xie, Wenlan & Yang, Yang, 2024. "Dual green innovation capability, environmental regulation intensity, and high-quality economic development in China: Can green and growth go together?," Finance Research Letters, Elsevier, vol. 63(C).
    9. Wellalage, Nirosha & Reddy, Krishna & Wallace, Damien, 2023. "Environmental performance and the role of government support: Evidence from the recent COVID-19 pandemic," Finance Research Letters, Elsevier, vol. 58(PA).
    10. Ho, Calvin K. & McAuley, Kimberley B. & Peppley, Brant A., 2019. "Biolubricants through renewable hydrocarbons: A perspective for new opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    11. Shusen Qi & Kent Ngan‐Cheung Hui & Steven Ongena, 2023. "Inter‐industry FDI spillovers from foreign banks: Evidence in transition economies," Financial Management, Financial Management Association International, vol. 52(1), pages 97-126, March.
    12. Wellalage, Nirosha Hewa & Locke, Stuart, 2020. "Formal credit and innovation: Is there a uniform relationship across types of innovation?," International Review of Economics & Finance, Elsevier, vol. 70(C), pages 1-15.
    13. Wei, Qi & Zeng, Sheng & Tao, Qingmei, 2024. "Does bank competition improve borrower welfare? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1353-1368.
    14. Cuadros-Solas, Pedro J. & Cubillas, Elena & Salvador, Carlos, 2023. "Does alternative digital lending affect bank performance? Cross-country and bank-level evidence," International Review of Financial Analysis, Elsevier, vol. 90(C).
    15. Dutta, Nabamita & Kar, Saibal & Stivers, Adam, 2023. "Does Economic Freedom Moderate Perceived Corruption for Firms in India?," IZA Discussion Papers 16484, Institute of Labor Economics (IZA).
    16. Shu Feng & Chang Liu & Xiaoling Pu, 2022. "Connected Lending in Bank Lines of Credit," Journal of Financial Services Research, Springer;Western Finance Association, vol. 61(2), pages 187-216, April.
    17. Cui, Zhuqing & Diwu, Simin, 2024. "Human capital upgrading and enterprise innovation efficiency," Finance Research Letters, Elsevier, vol. 65(C).
    18. Manoj A. Palsodkar & Parth P. Koltharkar, 2024. "Nexus Effect of Industry 4.0 and Circular Economy Practices in Achieving Sustainable Development Goals," Circular Economy and Sustainability, Springer, vol. 4(4), pages 3215-3244, December.
    19. Hewa-Wellalage, Nirosha & Boubaker, Sabri & Hunjra, Ahmed Imran & Verhoeven, Peter, 2022. "The gender gap in access to finance: Evidence from the COVID-19 pandemic," Finance Research Letters, Elsevier, vol. 46(PA).
    20. Cuadros-Solas, Pedro J. & Cubillas, Elena & Salvador, Carlos & Suárez, Nuria, 2024. "Digital disruptors at the gate. Does FinTech lending affect bank market power and stability?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 92(C).

    More about this item

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:mnd4f. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.
    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy