recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …&D activities in its components, "R" and "D". In particular, we distinguish research from development as these activities do not … for financing their research compared to development activities. Moreover, we find that (basic) research subsidy …

&D activities in its components, ‘R' and ‘D'. In particular, we distinguish research from development as these activities do not … for financing their research compared to development activities. Moreover, we find that (basic) research subsidy …

Industrial research and d ... …

main focus is the direct impact of subsidies on R&D and the indirect effect on innovation output measured by patent …

We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison …

-in-differences design to causally identify the short-run impact of COVID-19 on innovation spending in 2020 and expected innovation spending … substantially reduced innovation expenditure not only in the first year of the pandemic (2020) but also in the two subsequent years …, indicating ’Long–Covid’ effects on innovation. In 2020, innovation expenditure fell by 4.7 % due to the pandemic. In 2022 …

Artificial Intelligence (AI) represents a set of techniques that enable new ways of innovation and allows firms to … new business models. This paper analyses the extent to which the use of AI contributes to the innovation performance of … firms. Based on firm-level data from the German part of the Community Innovation Survey (CIS) 2018, we examine the …