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UID:event-8360@www.amse-aixmarseille.fr
DTSTAMP:20260501T230924Z
CREATED:20260501T230924Z
LAST-MODIFIED:20260501T230924Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:amse seminar - Andreas Moxnes
DTSTART:20211122T103000Z
DTEND:20211122T114500Z
DESCRIPTION:Since the turn of the century\, firms in developed economies in
 vest more in intangible capital than in physical capital. Yet firms that ar
 e intangible-intensive might struggle to get access to stable sources of fi
 nancing. In this paper we use unusually detailed data on Norwegian firms to
  investigate a set of questions: Do intangible-intensive firms appear to be
  credit constrained? Is this particularly true for younger firms? Does impr
 oved access to financing improve their performance? To answer these questio
 ns we exploit a reform that was introduced in 2015\, allowing firms to use 
 patents as stand-alone collateral. Our results indicate that innovative fir
 ms are financially constrained. After the reform was introduced\, we see an
  increase in the number of affected firms accessing bank loans\, the averag
 e loan sizes\, and the number of bank connections. Their share of short ter
 m debt decreases. Young firms in particular increase employment and investm
 ents in both tangible and intangible capital\, and see improved growth of d
 omestic sales and exports.\\n\\nContact: Ewen Gallic: ewen.gallic[at]univ-a
 mu.frAvner Seror: avner.seror[at]univ-amu.fr\n\nPlus d'informations: https:
 //www.amse-aixmarseille.fr/en/events/andreas-moxnes-2
LOCATION:Îlot Bernard du Bois - Amphithéâtre\, AMU - AMSE\, 5-9 boulevar
 d Maurice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/andreas-moxnes-2
CONTACT:Ewen Gallic: ewen.gallic[at]univ-amu.frAvner Seror: avner.seror[at]
 univ-amu.fr
TRANSP:OPAQUE
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