variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to …

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

This study focuses on the effect of public funding on internal R&D investment and on total innovation intensity on a … whether or not governments could further foster R&D activities by extending innovation policies to currently not supported … does not uncover any systematic misallocation of public funding for the countries under review. -- Innovation ; Policy …

It is known that small firms rely mainly on the CEO’s individual knowledge for developing innovations. Recent work … suggests that this approach is inefficient since it underutilizes other employees’ knowledge. We study to which extent using … CEOs, managers and non-managerial employees’ ideas enhances small firms’ innovation performance. A Heckman selection model …