Nurmi, Satu; Vanhala, Juuso; Virén, Matti E. E. - 2020
our policy application on government subsidies to firms, estimation results strongly suggest that subsidy-receiving firms … are less likely to die, regardless of the type of subsidy. However, with regard to recovery there is heterogeneity in the … effects depending on the type of firm and the type of subsidy received. Thus, we do not find a robust positive association of …