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Increasingly, funding of academic research is carried out through the support of collaboration, rather than through single awards to a sole grant holder. The practice is well supported by evidence that larger, network-based research achieve high quality while leading to a number of capacity...
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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 …
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for innovation economists and policy makers who must give valid policy recommendations and decide on the allocation of …
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This paper investigates the impact of the financial crisis on investment decisions in innovative versus non-innovative firms. Firms are defined as being innovative if they have introduced a new product to the market. The empirical test is based on data for the years before and after the recent...
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Public agencies provide subsidies for small and medium sized businesses (SMEs) to foster their development in terms of employment and sales. Although input and output additionality have been researched intensively little is known about the actual long-term effects of subsidies on SME growth....
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survival, but lag behind regular business founders in terms of income, business growth and innovation. Moreover, we show that …
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