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Subsidies, financial constraints and firm innovative activities in emerging economies

Mateut, Simona

Authors

Simona Mateut



Abstract

This paper investigates the relationship between public subsidies and firm innovation in emerging economies, which are likely to have less developed financial markets. Innovation includes the introduction of new products or services and the upgrade of existing ones, which is of particular relevance for these economies. The results obtained using alternative measures of financial constraints and market competition, within a range of econometric techniques, suggest a positive relation between public subsidies and the innovative activities of 11,998 firms across thirty Eastern Europe and Central Asia countries. This correlation is stronger for firms more likely to be financially constrained.

Journal Article Type Article
Journal Small Business Economics
Print ISSN 0921-898X
Electronic ISSN 1573-0913
Publisher Springer Verlag
Peer Reviewed Peer Reviewed
Volume 50
Issue 1
APA6 Citation Mateut, S. (in press). Subsidies, financial constraints and firm innovative activities in emerging economies. Small Business Economics, 50(1), https://doi.org/10.1007/s11187-017-9877-3
DOI https://doi.org/10.1007/s11187-017-9877-3
Keywords Innovation, Subsidies, Financial constraints, Emerging countries
Publisher URL https://link.springer.com/article/10.1007%2Fs11187-017-9877-3
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0





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