Goerke, Björn; Albers, Sönke - 2016
Public agencies provide subsidies for small and medium sized businesses (SMEs) to foster their development in terms of … long-term effects of subsidies on SME growth. Relying on a unique dataset of actual SMEs we provide a means of evaluating … whether subsidies lead to the expected positive long-term effects. We apply a specifically designed 3-stage-effects-model (3 …