innovation activities, prior studies using relatively large firm-level datasets to test the nature of this link are often unable … nature of the linkage between abandoned innovation and subsequent innovation outcomes at firms. We demonstrate based on … balanced panel data of Spanish manufacturing firms from 2008-2016 that innovation failure not only leads to more successful …

incentives only, R&D and innovation grants only, and a combination of both incentives. Four key findings emerge. First, we find … between the input additionality of grants and tax-incentives. Second, innovation output additionality is consistently positive …