of certification in which the subsidy signals the quality of the firm's R&D to external lenders rather than a 'resource … effect', i.e. the direct liquidity impact of the subsidy, explains this observation. The comparison between young and … firms seem to benefit from a 'formation effect' through learning from the subsidy application process. Application …

We provide comparative evidence on R&D tax credit and subsidy programs by studying whether firms' participation in each … program participation. We find that true state dependence of participation in R&D subsidy and tax credit programs accounts …

We analyze whether eco-innovation has a positive or negative influence on the business performance of companies and …, through the complementarity approach, whether the joint implementation of R&D subsidy and R&D cooperation increases or … establishing R&D cooperation would not be an adequate policy to promote eco-innovation. The analyses were performed using data from …

evidence from a laboratory experiment. In a creative real effort task simulating the innovation process, two distinct means of … substantial crowding-out of private investment. While the individual revenues increase due to the subsidy, the innovative activity … negative effects on overall welfare, depending on the subsidy specifics. However, subsidies do not influence cooperative …

Current literature on the impact assessment of government innovation subsidies is mainly empirical driven and lacks an … improve the effectiveness of government support for innovation. …

suggest using rewards as incentives for innovation instead. However, these studies have thus far had little effect on actual … improving and better for the originator. A numerical application example suggests that the subsidy scheme may indeed be better … in the music industry. The subsidy scheme can be implemented as a voluntary option, which would even be possible without …