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

The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry … on supermodularity and submodularity tests for obstacles to innovation (in the present application: lack of finance … analysis highlights the two phases of the innovation process in terms of the propensity and intensity of innovation. The …

they matter. We first characterize YICs in the sample of innovation active firms. We show that firms that combine newness … financial constraints, both internal and external, as an important factor hampering their innovation activities, significantly … more so than other innovation active firms. This access to finance problem is an often used motive for government …

In Germany, R&D subsidies are an important tool to support innovation in the private sector. This paper studies the …

market mechanism. As a response, public instruments have been implemented to stimulate private innovation activities. The … Establishment Panel and apply various microeconometric methods to estimate the effect of public measures on innovation activities of …

Systemic innovation theory emphasizes that innovations are the result of an interdependent exchange process between … different organizations. This is reflected in the current paradigm in European innovation policy, which aims at the support of … collaborative R&D and innovation projects bringing together science and industry. Building on a large data set using project …