The effect of innovation resource management and bank competition on Firm Innovation Output in Ukraine
This study examines the impact of banking competition on the innovation output of Ukraine’s industrial firms by analyzing data on city-level commercial bank branches, enterprise patent data, and Ukrainian industrial enterprises. The study finds that competitive banking market structures significantly promote enterprise innovation output, especially for non-state-owned and small and medium-sized enterprises. The paper also explores the ways in which banking competition affects the innovation output of enterprises from the perspectives of resource allocation and incumbent enterprises. The results show that competition in the banking industry can optimize the allocation of innovation resources among enterprises and increase innovation investment, particularly for non-state-owned and small and medium-sized enterprises. This research provides a basis for formulating innovation-driven financial development policies and expands the understanding of the microcosmic impact of banking competition on corporate innovation.
Keywords: innovation resource management, banking industry competition, enterprise innovation, resource allocation.
