Subsidies, financial constraints and firm innovative activities in emerging economies
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...
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| Format: | Article |
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Springer
2017
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| Online Access: | https://eprints.nottingham.ac.uk/42530/ |
| _version_ | 1848796508363685888 |
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| author | Mateut, Simona |
| author_facet | Mateut, Simona |
| author_sort | Mateut, Simona |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T19:49:06Z |
| format | Article |
| id | nottingham-42530 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:49:06Z |
| publishDate | 2017 |
| publisher | Springer |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-425302020-05-04T18:50:36Z https://eprints.nottingham.ac.uk/42530/ Subsidies, financial constraints and firm innovative activities in emerging economies Mateut, Simona 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. Springer 2017-06-16 Article PeerReviewed Mateut, Simona (2017) Subsidies, financial constraints and firm innovative activities in emerging economies. Small Business Economics, 50 (1). pp. 131-162. ISSN 1573-0913 Innovation Subsidies Financial constraints Emerging countries https://link.springer.com/article/10.1007%2Fs11187-017-9877-3 doi:10.1007/s11187-017-9877-3 doi:10.1007/s11187-017-9877-3 |
| spellingShingle | Innovation Subsidies Financial constraints Emerging countries Mateut, Simona Subsidies, financial constraints and firm innovative activities in emerging economies |
| title | Subsidies, financial constraints and firm innovative activities in emerging economies |
| title_full | Subsidies, financial constraints and firm innovative activities in emerging economies |
| title_fullStr | Subsidies, financial constraints and firm innovative activities in emerging economies |
| title_full_unstemmed | Subsidies, financial constraints and firm innovative activities in emerging economies |
| title_short | Subsidies, financial constraints and firm innovative activities in emerging economies |
| title_sort | subsidies, financial constraints and firm innovative activities in emerging economies |
| topic | Innovation Subsidies Financial constraints Emerging countries |
| url | https://eprints.nottingham.ac.uk/42530/ https://eprints.nottingham.ac.uk/42530/ https://eprints.nottingham.ac.uk/42530/ |