recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …

The use of public procurement to promote private innovation activities has attracted increasing attention recently … to investigate whether this reform stimulated innovation in the business sector. Across a wide set of specifications …

This study investigates how local milieus foster innovation success of firms. We complement the common practice of … availability of highly skilled labor and the proximity to suppliers matters for firms’ innovation performance. Interestingly …, location factors obtained from the survey provide a more accurate explanation on how local milieus facilitate innovation. …

This study analyzes the effects of public R&D policy schemes on the innovation activities of firms located in Eastern … their innovation activities by about four percentage points. …