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Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....
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The use of public procurement to promote private innovation activities has attracted increasing attention recently … to investigate whether this reform stimulated innovation in the business sector. Across a wide set of specifications …
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During the last 20 years, R&D and innovation activities in the service sector have clearly increased. Especially …" of technological information within the economy. They are providers, purchasers or partners in the context of innovation …. A sound innovation capacity, especially knowledge, creativity, market and management skills let them become bridges for …
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innovative activities of German service firms. We investigate whether firms that receive public subsidies for innovation projects … innovative activities. The more grants a firm has received in the past, the more it invests in current innovation projects …
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recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …
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