Acebo, Enrique; Miguel-Dávila, José-Ángel; Nieto, Mariano - In: European Journal of Innovation Management 25 (2020) 2, pp. 347-364
Purpose: The purpose of this paper is to analyse whether the effect of innovation subsidies on firms' R&D investment varies depending on whether the firm is suffering from financial constraints. Design/methodology/approach: To address this analysis, the authors provide a theoretical model and...