Fig 1.
This figure shows the structure of the Chinese banking system.
Table 1.
Variable definitions.
Table 2.
Summary statistics.
Fig 2.
The number of patents applied for.
This figure shows the total number of patents applied for each year from 1999 to 2013. The firms in our sample are from 288 prefecture-level cities in China.
Table 3.
The effect of bank market structure on firm innovation.
Table 4.
The U-shape test.
Table 5.
The effect of bank market structure on firm innovation-IV regression.
Table 6.
The robustness check of bank market structure on firm innovation.
Table 7.
The effect of bank market structure on firm innovation- financing channel.
Fig 3.
The U-shaped curve for high-tech firms and low-tech firms.
This figure shows the U-shaped curve for high-tech firms and low-tech firms. The variable in Y-axis is the natural log of one plus the number of invention and utility model patents applied for by a firm in year t + 1. The variable in X-axis is the Herfindahl-Hirschman Index of banking industry in the city j where a firm is located in year t.
Table 8.
The effect of bank market structure on firm innovation- types of firms.
Table 9.
The effect of bank market structure on firm innovation- types of cities.