Financial Constraints: Do They Matter to Allocate R&D Subsidies?

Detalhes bibliográficos
Autor(a) principal: Silva, Filipe
Data de Publicação: 2017
Outros Autores: Carreira, Carlos
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10316/104771
https://doi.org/10.1515/bejeap-2015-0186
Resumo: We examine whether subsidies are allocated to financially constrained firms and if they effectively alleviate these constraints. We claim that in addition to the usual “public good” arguments behind the allocation of subsidies, the extent to which firms are able to obtain external funding should not be overlooked. Overall, our results question both the allocation and the effectiveness of subsidies in alleviating financial constraints of firms willing to innovate. Additionally, the decision criteria for allocating public funds seem to be similar from those used by the private investors. These results have important implications on the design of future innovation policy.
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spelling Financial Constraints: Do They Matter to Allocate R&D Subsidies?R&D subsidiesfinancial constraintsR&D investmentR&D policyWe examine whether subsidies are allocated to financially constrained firms and if they effectively alleviate these constraints. We claim that in addition to the usual “public good” arguments behind the allocation of subsidies, the extent to which firms are able to obtain external funding should not be overlooked. Overall, our results question both the allocation and the effectiveness of subsidies in alleviating financial constraints of firms willing to innovate. Additionally, the decision criteria for allocating public funds seem to be similar from those used by the private investors. These results have important implications on the design of future innovation policy.BERKELEY ELECTRONIC PRESS2017-08info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10316/104771http://hdl.handle.net/10316/104771https://doi.org/10.1515/bejeap-2015-0186eng1935-1682https://doi.org/10.1515/bejeap-2015-0186Silva, FilipeCarreira, Carlosinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-01-24T22:05:02Zoai:estudogeral.uc.pt:10316/104771Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:21:25.466922Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Financial Constraints: Do They Matter to Allocate R&D Subsidies?
title Financial Constraints: Do They Matter to Allocate R&D Subsidies?
spellingShingle Financial Constraints: Do They Matter to Allocate R&D Subsidies?
Silva, Filipe
R&D subsidies
financial constraints
R&D investment
R&D policy
title_short Financial Constraints: Do They Matter to Allocate R&D Subsidies?
title_full Financial Constraints: Do They Matter to Allocate R&D Subsidies?
title_fullStr Financial Constraints: Do They Matter to Allocate R&D Subsidies?
title_full_unstemmed Financial Constraints: Do They Matter to Allocate R&D Subsidies?
title_sort Financial Constraints: Do They Matter to Allocate R&D Subsidies?
author Silva, Filipe
author_facet Silva, Filipe
Carreira, Carlos
author_role author
author2 Carreira, Carlos
author2_role author
dc.contributor.author.fl_str_mv Silva, Filipe
Carreira, Carlos
dc.subject.por.fl_str_mv R&D subsidies
financial constraints
R&D investment
R&D policy
topic R&D subsidies
financial constraints
R&D investment
R&D policy
description We examine whether subsidies are allocated to financially constrained firms and if they effectively alleviate these constraints. We claim that in addition to the usual “public good” arguments behind the allocation of subsidies, the extent to which firms are able to obtain external funding should not be overlooked. Overall, our results question both the allocation and the effectiveness of subsidies in alleviating financial constraints of firms willing to innovate. Additionally, the decision criteria for allocating public funds seem to be similar from those used by the private investors. These results have important implications on the design of future innovation policy.
publishDate 2017
dc.date.none.fl_str_mv 2017-08
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10316/104771
http://hdl.handle.net/10316/104771
https://doi.org/10.1515/bejeap-2015-0186
url http://hdl.handle.net/10316/104771
https://doi.org/10.1515/bejeap-2015-0186
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1935-1682
https://doi.org/10.1515/bejeap-2015-0186
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv BERKELEY ELECTRONIC PRESS
publisher.none.fl_str_mv BERKELEY ELECTRONIC PRESS
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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