The Impact of State Aid on the Survival and Financial Viability of Aided Firms

We estimate the causal impact of restructuring aid granted by the European Commission between 2003 and 2012 on the survival and financial viability of aided firms. Using a comprehensive dataset we find that restructuring aid increases a firm's average survival time by 8 to 15 years and decreases the hazard rate by 58 to 68 percent, depending on the definition of firm survival. Further analysis finds strong support that, in the longer run, aid receiving firms have a significantly higher probability to improve their financial viability than the counterfactual group

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Year of publication:	2016
Authors:	Heim, Sven
Other Persons:	Hüschelrath, Kai (contributor) ; Schmidt-Dengler, Philipp (contributor) ; Strazzeri, Maurizio (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Subvention \| Subsidy \| Unternehmenserfolg \| Firm performance \| EU-Staaten \| EU countries

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Extent:	1 Online-Ressource (55 p)
Series:	ZEW - Centre for European Economic Research Discussion Paper ; No. 16-035
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2016 erstellt
Other identifiers:	10.2139/ssrn.2771111 [DOI]
Classification:	C41 - Duration Analysis ; D62 - Externalities ; D73 - Bureaucracy; Administrative Processes in Public Organizations; Corruption ; G33 - Bankruptcy; Liquidation ; G38 - Government Policy and Regulation ; H23 - Externalities; Redistributive Effects ; Environmental Taxes and Subsidies ; L52 - Industrial Policy; Sectoral Planning Methods ; L98 - Government Policy ; O52 - Europe
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012993561