This paper analyses the impact of European Union (EU) funds on the performance of private firms. In particular, we examine a quasi-natural experiment consisting of a redrawing of administrative areas that expanded regional eligibility and led to a sudden increase in accessibility to EU grants...

Purpose: Regional development must heavily rely on innovation in order to be competitive and improve the standard of living of its citizens. However, regional policies regarding innovation is often limited by decelerated decision making process which is often based on outdated qualitative...