Access to bank credit and firm innovation in Egypt: New evidence from the World Bank enterprise survey

IF 3.3 2区社会学 Q2 ENVIRONMENTAL SCIENCES

Sustainable Futures Pub Date : 2024-12-29 DOI:10.1016/j.sftr.2024.100430

Ayoub Saadi , Mariem Liouaeddine , Hanan Amin Mohamed

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Abstract

This study examines the impact of bank credit access on innovation among Egyptian firms, using data from 3,025 companies in the World Bank's 2020 Enterprise Survey. Employing logistic regression and propensity score matching, the study assesses how access to credit influences various types of innovation, including R&D investment, acquisition of intellectual property, and new product creation. Results show that firms with bank credit are 67 % more likely to innovate, with a significant positive effect on R&D activities and intellectual property acquisition. Additionally, propensity score matching confirms a 5 % higher likelihood of innovation for firms with credit access, supporting the robustness of these findings. However, company size and sales volume are associated with decreased innovation likelihood, indicating constraints faced by larger firms and those with high sales. Competitive market conditions further enhance new product development probability by 42 %. Overall, the study highlights the crucial role of bank credit in fostering firm innovation in Egypt.

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埃及获得银行信贷和企业创新：世界银行企业调查的新证据

本研究利用世界银行2020年企业调查中的3025家公司的数据，考察了银行信贷获取对埃及企业创新的影响。本研究运用逻辑回归与倾向得分匹配，评估信贷获取如何影响各种类型的创新，包括研发投资、知识产权收购和新产品创造。结果表明，拥有银行信贷的企业创新的可能性高出67%，这对研发活动和知识产权获取有显著的正向影响。此外，倾向得分匹配证实了有信贷渠道的企业创新的可能性高出5%，支持了这些发现的稳健性。然而，公司规模和销售额与创新可能性降低相关，这表明大公司和高销售额公司面临的约束。竞争激烈的市场条件进一步提高新产品开发的可能性为42%。总体而言，该研究强调了银行信贷在促进埃及企业创新方面的关键作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Sustainable Futures Social Sciences-Sociology and Political Science

CiteScore

9.30

自引率

1.80%

发文量

审稿时长

71 days

期刊介绍： Sustainable Futures: is a journal focused on the intersection of sustainability, environment and technology from various disciplines in social sciences, and their larger implications for corporation, government, education institutions, regions and society both at present and in the future. It provides an advanced platform for studies related to sustainability and sustainable development in society, economics, environment, and culture. The scope of the journal is broad and encourages interdisciplinary research, as well as welcoming theoretical and practical research from all methodological approaches.