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heterogeneous treatments, distinguishing and simultaneously analyzing the effect these treatments have on innovation input and … received, EU grants have higher effects. In terms of output, holding innovation expenditures constant, funding from both … obtained, we find superiority for national funding. -- Subsidies ; Innovation ; Policy Evaluation ; Treatment Effects …
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There is a growing literature that aims at assessing the private value of knowledge assets and patents. It has been shown that patents and their quality as measured by citations received by future patents contribute significantly to the market value of firms beyond their R&D stocks. This paper...
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We investigate the effect of Europe's largest multilateral subsidy program for R&D-performing, small and medium-sized enterprises on firm growth. The program was organized under a specific budget allocation rule, referred to as Virtual Common Pot (VCP), which is designed to avoid...
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We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison …
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