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In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...
Persistent link: https://www.econbiz.de/10013316096
We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...
Persistent link: https://www.econbiz.de/10012793582
at the intensive margin, i.e. our results do not suggest that non-innovative companies are deterred from innovation …
Persistent link: https://www.econbiz.de/10012671880
This paper uses a non-parametric matching procedure to match survey replies to balance sheet information. It draws on the SAFE survey on access to finance for a sample of 11886 firms in the euro area which are matched with their nearest neighbor in an extended dataset with balance sheet...
Persistent link: https://www.econbiz.de/10013078194
This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...
Persistent link: https://www.econbiz.de/10012196342
Economics and innovation scholars have long recognized the potential of public procurement to trigger innovation. To …? This paper addresses these issues by providing a literature survey of research on public procurement of innovation (PPI …: i) Does PPI spur innovation? ii) How should PPI be designed to best spur innovation? iii) What are the main barriers to …
Persistent link: https://www.econbiz.de/10013499115
public procurement tenders. However, there is no direct or broad empirical evidence on its innovation impact. There are even … doubts about its effectiveness as an innovation policy tool, as it does not require innovations as part of its contracts and …
Persistent link: https://www.econbiz.de/10012623448
This paper uses a non parametric matching procedure to match survey replies to balance sheet information. It draws on the SAFE survey on access to finance for a sample of 11886 firms in the euro area which are matched with their nearest neighbour in an extended dataset with balance sheet...
Persistent link: https://www.econbiz.de/10011605622
Public procurement accounts for 15 to 20 percent of global GDP and is considered an effective innovation policy …
Persistent link: https://www.econbiz.de/10014502117
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …
Persistent link: https://www.econbiz.de/10012831402