This study investigates the impact of R&D subsidies on R&D investment during the past financial crisis. We conduct a treatment effects analysis and show that R&D subsidies increased R&D spending among subsidized…
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital…
Recent decades have seen a shift in academic research towards the 'entrepreneurial university' model. Researchers are encouraged to actively participate in innovation through channels such as academic…
According to many studies it is a commonly held view among economists that the level of countries’ institutional development is positively associated with economic growth. Among other factors, this interrelation…
There remains considerable scholarly debate about the role that prior entrepreneurial experience plays in new venture survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new…
