We review research on the effects of banks on the real economy, including, but not limited to
articles in this Special Issue of the Journal of Corporate Finance. We focus primarily on US …

Patents and citations are powerful tools increasingly used in financial economics (and
management research more broadly) to understand innovation. Biases may result, however …

We use novel monthly survey data from 1993 to 2012 on small business managerial
perceptions of financial constraints and other conditions, matched with information on banks …

Does government debt impede firm innovation? We address this question by examining the
effects of the debt accumulated by local government financing vehicles (LGFVs) across …

We provide evidence on the importance of coordination frictions in technology adoption,
using data from a large provider of electronic wallets during the Indian demonetization …

This paper studies the economics behind the investment in information technologies (IT) by
US commercial banks in the past decade. By linking banks' IT spending to their lending …

Exploiting the staggered arrival of fiber-optic submarine cables, we show that high-speed
internet promotes the role of banks and credit in Africa. Variation within country and across …

This study investigates the effects of bank FinTech on corporate innovation. Building a large
sample of Chinese commercial banks and listed firms over 2010–2020, we find that bank …

The telegraph was introduced to China in the late 19th century, a time when China also saw
the rise of modern banks. Based on this historical context, this paper documents the …

In the span of only 30 years, Vietnam has moved from one of the world's poorest nations in
the late 1980s to a lower-middle-income country. The economy has expanded at an annual …