This paper aims at analyzing the access to credit of innovative firms by means of two empirical models that estimate the impact of innovative nature of firms on: (a) the loan interest rate; (b) the probability of overdraw. We use information gained by two dataset. The first one contains data on more than 15,000 lines of credit of a bank to firms that operate in 23 different industrial sectors. The second dataset indentifies the firms that can be defined innovative according to a narrow set of activities carried out. The findings show that innovative firms have a lower probability of being credit rationed than supplier dominated firms.
Keywords: Innovative firms, interest rate, firm’s financing, relationship lending.
Jel Code: D82, E43, D40, G21.