research grants than for development grants. We also find cross-scheme effects that may arise due to complementarity between …

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

This study presents a novel empirical approach to identify financing constraints for innovation based on the idea of an … alternatives of use. If they choose additional innovation projects they must have had some unexploited investment opportunities … attribute constraints for innovation not only to lacking financing, but also to firms' innovative capability. Econometric …

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … alternatives of use. If they selected additional innovation projects, they must have had some unexploited investment opportunities … that were not profitable using more costly external finance. We attribute constraints for innovation not only to lacking …

The massive economic crisis 2008/09 had substantial impacts on the innovation activities of the German economy. The … loss in sales and profits resulted in a sharp decline of innovation expenditure. While capital expenditure for new products … and improved processes were cut substantially, R&D budgets basically remained unchanged. Firms with innovation and R …

privately financed R&D and subsidyinduced R&D investment to evaluate their respective effects on innovation performance. The … collaborate internationally as well as for SMEs. -- Innovation Policy ; Subsidies ; R&D ; SMEs ; International Collaboration … ; Treatment Effects ; Innovation Performance …

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …

collaborate in R&D is increasing in R&D productivity. The key findings of the theoretical model are tested using German innovation … survey data for the service sector. A simultaneous model for cooperation choice and innovation expenditures shows that R …&D cooperation has a weakly significant positive effect on innovation expenditures. The empirical results broadly support the …