The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015

Detalhes bibliográficos
Autor(a) principal: Mamede, R.
Data de Publicação: 2018
Outros Autores: Pereira, H.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/18795
Resumo: This paper assesses the impact of SI QREN – a set of enterprise support mechanisms that were in place in Portugal between 2007 and 2013 – on firm performance. For this purpose, we used an unprecedented set of firm-level information, gathered from different institutional sources. These data allowed to control for several determinants of performance that are usually ignored in similar studies, and to assess the impact of the policy in various dimensions of enterprise performance, including: investment, financial situation, human capital, innovation, internationalization, firm growth, competitiveness, eco-efficiency, job quality, intra-firm income distribution, and gender equality. In order to address the selection bias that is inherent to the policy under analysis we estimated the impacts using the bias corrected matching estimator put forward by Abadie and Imbens (2002, 2011), producing results based on both the Propensity-Score Matching and Malahanobis Distance Matching methods, for robustness purposes. Our results suggest that SI QREN accomplished its main policy goals, as they are identified in the theory of change of the policy. Generally speaking, the impacts of SI QREN remain positive and statistically significant in the mid-term, after the supported projects have been completed. We also find that SI QREN is less effective in inducing additional investment in firms that have easier access to external finance.
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spelling The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015Enterprise support mechanismsEU Cohesion PolicyCounterfactual impact evaluationThis paper assesses the impact of SI QREN – a set of enterprise support mechanisms that were in place in Portugal between 2007 and 2013 – on firm performance. For this purpose, we used an unprecedented set of firm-level information, gathered from different institutional sources. These data allowed to control for several determinants of performance that are usually ignored in similar studies, and to assess the impact of the policy in various dimensions of enterprise performance, including: investment, financial situation, human capital, innovation, internationalization, firm growth, competitiveness, eco-efficiency, job quality, intra-firm income distribution, and gender equality. In order to address the selection bias that is inherent to the policy under analysis we estimated the impacts using the bias corrected matching estimator put forward by Abadie and Imbens (2002, 2011), producing results based on both the Propensity-Score Matching and Malahanobis Distance Matching methods, for robustness purposes. Our results suggest that SI QREN accomplished its main policy goals, as they are identified in the theory of change of the policy. Generally speaking, the impacts of SI QREN remain positive and statistically significant in the mid-term, after the supported projects have been completed. We also find that SI QREN is less effective in inducing additional investment in firms that have easier access to external finance.DINÂMIA'CET - IUL2019-10-14T11:07:11Z2018-12-01T00:00:00Z2018-12info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/18795engMamede, R.Pereira, H.info: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:RCAAP2023-11-09T17:43:34Zoai:repositorio.iscte-iul.pt:10071/18795Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:20:30.970281Repositório 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 The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
title The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
spellingShingle The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
Mamede, R.
Enterprise support mechanisms
EU Cohesion Policy
Counterfactual impact evaluation
title_short The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
title_full The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
title_fullStr The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
title_full_unstemmed The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
title_sort The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
author Mamede, R.
author_facet Mamede, R.
Pereira, H.
author_role author
author2 Pereira, H.
author2_role author
dc.contributor.author.fl_str_mv Mamede, R.
Pereira, H.
dc.subject.por.fl_str_mv Enterprise support mechanisms
EU Cohesion Policy
Counterfactual impact evaluation
topic Enterprise support mechanisms
EU Cohesion Policy
Counterfactual impact evaluation
description This paper assesses the impact of SI QREN – a set of enterprise support mechanisms that were in place in Portugal between 2007 and 2013 – on firm performance. For this purpose, we used an unprecedented set of firm-level information, gathered from different institutional sources. These data allowed to control for several determinants of performance that are usually ignored in similar studies, and to assess the impact of the policy in various dimensions of enterprise performance, including: investment, financial situation, human capital, innovation, internationalization, firm growth, competitiveness, eco-efficiency, job quality, intra-firm income distribution, and gender equality. In order to address the selection bias that is inherent to the policy under analysis we estimated the impacts using the bias corrected matching estimator put forward by Abadie and Imbens (2002, 2011), producing results based on both the Propensity-Score Matching and Malahanobis Distance Matching methods, for robustness purposes. Our results suggest that SI QREN accomplished its main policy goals, as they are identified in the theory of change of the policy. Generally speaking, the impacts of SI QREN remain positive and statistically significant in the mid-term, after the supported projects have been completed. We also find that SI QREN is less effective in inducing additional investment in firms that have easier access to external finance.
publishDate 2018
dc.date.none.fl_str_mv 2018-12-01T00:00:00Z
2018-12
2019-10-14T11:07:11Z
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publisher.none.fl_str_mv DINÂMIA'CET - IUL
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