We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations,

The Italian economy has been struggling with low productivity growth and bank balance sheet strains. This paper examines the implications for firm productivity

Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders’ credit supply shocks t

The legacy of non-performing loans and high opportunity cost of government financing of bank recapitalization impeded the efficiency of financial intermediation

We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations,