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This paper explores the existence and importance of financing constraints for R&D investments in large EU and US manufacturing companies over the 2000 – 2007 period. The main results obtained by estimating error-correction equations suggest that the sensitivity of R&D investments to cash flow...
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EU Science & Technology (S&T) pre-competitive and near-the-market collaborations are the two main instruments of the European technological policy. In order to grasp the dynamics inherent to the technological collaborative behaviour of European research organisations and to better appreciate to...
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