This paper investigates the relationship between public subsidies and firm innovation in
transition and developing economies, which are likely to have less developed financial …

The aim of this paper is two-fold. First, we empirically investigate the role of financial
constraints on innovation activities. Second, we examine the significance of non-financial …

How do the effects of financial constraints on innovation performance vary by sector and firm
characteristics? This paper uses innovation survey data from 11 E uropean countries to …

We investigate the extent to which financing constraints affect the innovation activities of
over 120,000 mainly unlisted Chinese firms over the period 2000–2007. Based on a variety …

The impact of public funding on innovative productivity is estimated using a sample of Italian
firm-level data (CIS3). A bivariate endogenous switching model is developed in order to free …

This paper broadly addresses the financing problems of the innovation process, by
analysing the extent to which financial constraints hinder firms' investment in R&D and …

Based on the data obtained from the World Bank's enterprise survey for 9988 firms from 28
African countries, this study investigates the effect of firm characteristic, openness, and …

The paper evaluates the effect of a Portuguese innovation subsidy (SI Innovation), launched
in 2007–2013, on firm performance. Using counterfactual analysis methods and a sample …

Drawing on a rich data from the World Bank Enterprise Surveys from twenty-one countries,
this paper finds consistent evidence of the role of financial frictions as an impediment to a …

Purpose The purpose of this paper is to investigate the effect of financial constraints on
innovation in developing countries. It also examines how the effect of financial constraints …