Colombo, Massimo G.; Croce, Annalisa; Guerini, Massimiliano - In: Research Policy 42 (2013) 9, pp. 1605-1623
This work analyses the effect of public subsidies on firms’ investments and investment–cash flow sensitivity in a longitudinal sample of 288 Italian unlisted non-venture capital backed owner-managed new-technology-based firms (NTBFs), observed over a 15-year period from 1994 to 2008. Seventy...