We summarize and compare previous studies considering the impact of R&D subsidies on firm-level labor productivity. These studies conclude quite consistently that the subsidies provided by Tekes do not have statistically significant impact on its client firms’ labor productivity. These studies...

Our panel data from over 10,000 Finnish firms during the years 2003-2010 sheds light on the effect of different business subsidies on firm productivity performance and on the relationship between firms’ lagged labor productivity and market exit. We find that not any of the subsidy types have...

The study investigates, by using econometric evaluation methods, how the usage of Fin-pros (a public agency promoting internationalization of business) services impacts on the internation-alization and performance of small and medium-sized firms in Finland. We measure internationalization and...

Our empirical analysis using an extensive database on the allocation of busi-ness subsidies in Finland during the years 20042008 finds that large firms are less likely to exit support system and more likely to continue receiving both support from one organization only and simultaneous support...

We use a comprehensive database concerning the application and allocation of business subsidies in Finland merged with the firm-level data comprising about 330 000 firms from the year 2004 to 2008. We find strong continuities in participation both within and between the different public support...

Finpro is an expert service organization, partly financed from public funds, providing services for internationalization market information, consulting and advice, business development, and other related services. It is one of the largest organizations in the Finnish innovation and business...

We use the databases of Statistics Finland to explore the supply of public support for firms in Finland during the years 20002008. Particularly, this report provides a de-scriptive analysis of complementarities and repetitiousness of public support from the perspective of the applying firms. We...

Statistics Finland maintains a database which includes firm level data on public support in Finland. During this study it contained data from the years 20006. So far the data has been underutilized in economic and statistical analyses. We use the database in this descriptive study mainly to test...

We assess Finland’s competitiveness in the light of various, mainly short-term indicators. It turns out that the weak export market performance over the last few years is linked to the deterioration of profitability of production in Finland. A better export and employment performance requires...

Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments, namely the employee share of managers and...