In this paper we test whether participation in EU sponsored Research Joint Ventures (RJVs) has a positive impact on participating firms' performance. We apply our statistical methodology to RJVs sponsored under two different programmes: EUREKA and (3rd and 4th) Programme Frameworks for Science...

In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...