LEADER 01086nam2-2200361li-450 001 990003232700203316 005 20180918160700.0 010 $a0-387-90895-1 035 $a000323270 035 $aUSA01000323270 035 $a(ALEPH)000323270USA01 035 $a000323270 100 $a2002009051984-------y0itay0103----ba 101 0 $aeng 102 $aUS 200 1 $a<>Mathematical logic$fH. - D. Ebbinghaus, J. Flum, W. Thomas 210 $aNew York [etc.]$cSpringer-Verlag$dcopyr. 1984 215 $aIX, 216 p.$cill.$d23 cm 461 1$1001000323247$12001$aUndergraduate text in mathematics 606 1 $aLogica matematica$2BNCF 676 $a511.3 700 1$aEBBINGHAUS,$bH.$0751923 701 1$aFLUM,$bJ.$0751924 701 1$aTHOMAS,$bW.$0441709 801 $aita$bsalbc$gISBD 912 $a990003232700203316 951 $a510 UTM 39$b22351/CBS$c510$d00218584 959 $aBK 969 $aSCI 979 $aRSIAV7$b90$c20090504$lUSA01$h1005 979 $aRSIAV7$b90$c20090504$lUSA01$h1008 996 $aMathematical logic$91511581 997 $aUNISA LEADER 02507nam 22004573a 450 001 9910645969103321 005 20250710152337.0 010 $a9789286150364 010 $a9286150369 024 8 $ahttps://doi.org/10.2867/974979 035 $a(CKB)4950000000289893 035 $a(ScCtBLL)e0a5e361-266c-4b1a-ae4e-5dde37630d5a 035 $a(oapen)doab71339 035 $a(EXLCZ)994950000000289893 100 $a20211214i20212021 uu 101 0 $aeng 135 $auru|||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aEIB Working Paper 2021/05 - The impact of bank loan terms on intangible investment in Europe$fAtanas Kolevy, Matthieu Segol, European Investment Bank, Laurent Maurin 210 $cEuropean Investment Bank$d2021 210 1$aLuxembourg :$cEuropean Investment Bank,$d2021. 215 $a1 online resource (44 p.) 225 1 $aEIB Working Papers 330 $aUsing EIBIS data, this paper investigates the effects of different loan conditions on firms' propensity to invest in intangible assets. When firms face restriction in how much they can borrow, this has a strong effect on how much they invest in intangible assets. Using European firm-level data from the EIB Investment Survey, this paper shows that, by contrast, unfavourable interest rates, maturity and collateral requirements have no significant effects on the probability to invest in intangible assets, provided firms are satisfied with their loan size. These terms however, do have a negative impact on the probability to invest in multiple intangible assets, undermining the ability of firms to benefit from the complementarities of these assets. The paper documents the effect of loan conditions on investment intensity, as well. The effect of quantity rationing on the amount invested in intangible assets is found to be limited. Other loan conditions however, like cost, maturity and collateral requirements, have significant effect on investment intensity. 410 $aEIB Working Papers 606 $aBusiness & Economics / Finance$2bisacsh 606 $aEconomics 615 7$aBusiness & Economics / Finance 615 0$aEconomics. 700 $aKolevy$b Atanas$01276293 702 $aSegol$b Matthieu 702 $aMaurin$b Laurent 712 02$aEuropean Investment Bank 801 0$bScCtBLL 801 1$bScCtBLL 906 $aBOOK 912 $a9910645969103321 996 $aEIB Working Paper 2021$93007500 997 $aUNINA