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Displaying results 1 to 9 of 9.

  1. Political instability and firm performance in the Democratic Republic of Congo
    Published: June 2022
    Publisher:  African Economic Research Consortium, Nairobi, Kenya

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789966612038
    Series: Research paper / African Economic Research Consortium ; 504
    Subjects: Political instability; Firm performance; Endogenous switching model; DRC
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  2. R&D grant and tax credit support for foreign-owned subsidiaries
    does it pay off?
    Published: [2022]
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    Foreign-owned subsidiaries make significant contributions to national Research and Development (R&D) in many host countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Universitätsbibliothek Mannheim
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    Foreign-owned subsidiaries make significant contributions to national Research and Development (R&D) in many host countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to leverage R&D-driven firm performance benefits for the host economy. However, the subsidiary's parent firm may decide not to exploit the results from publicly-funded R&D projects in the host country. Therefore, supporting subsidiaries’ R&D presents a risk that significant amounts of public funding may translate into little, or no payoffs for the host economy. Our study provides the first evaluation of 1) whether public R&D funding stimulates additional R&D investment in subsidiaries, 2) whether policy-induced R&D drives subsidiary performance, and 3) the differential effects of R&D grants and R&D tax credits. Drawing on a unique panel dataset for Ireland (2007-2016), we find that both R&D supports drive subsidiary R&D, resulting in substantial host country firm performance benefits.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/250387
    Series: Discussion paper / ZEW ; no. 22, 003 (01/2022)
    Subjects: Public funding for R&D; Firm performance; Firm ownership; Foreign-owned subsidiaries; Multinational enterprise; R&D tax credit; R&D grant; Policy evaluation
    Scope: 1 Online-Ressource (49 Seiten), Illustrationen
  3. Who wins and who loses from state subsidies?
    Published: [2022]
    Publisher:  Kiel Institute for the World Economy, [Kiel]

    China is perceived to rely on subsidizing firms in targeted industries to improve their performance and stay competitive. We implement an approach that allows for the joint estimation of direct and indirect effects of subsidies on subsidized and... more

    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    China is perceived to rely on subsidizing firms in targeted industries to improve their performance and stay competitive. We implement an approach that allows for the joint estimation of direct and indirect effects of subsidies on subsidized and non-subsidized firms. We find that firms that receive subsidies experience a boost for productivity. However, our approach highlights the importance of indirect effects, which are generally neglected in the literature. We find that, in general but not always, non-subsidized firms experience reductions in their productivity growth if they operate in a cluster where other firms are subsidized. These negative externalities depend on the share of firms that receive subsidies in the cluster. Aggregating direct and indirect effects into a (weighted) total effect shows that this negative indirect effect tends to dominate. We interpret our results in the light of a simple heterogenous firm type model, which highlights that subsidization, in a competitive environment of firms, may potentially harm non-subsidized firms.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/256927
    Series: Kiel working paper ; no. 2220 (May 2022)
    Subjects: Subvention; Unternehmenserfolg; Externer Effekt; Kausalanalyse; China; Subsidies; Firm performance; Treatment effects; Externalities; China
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  4. Dynamics of first-time patenting firms
    Published: [2022]
    Publisher:  Norwegian School of Economics, Bergen, Norway

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    VS 48
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11250/3015650
    Series: Discussion paper / NHH, Department of Economics ; SAM 2022, 11 (August 2022)
    Subjects: Patenting; Firm performance; Panel data; Event study design
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  5. Dynamics of first-time patenting firms
    Published: August 2022
    Publisher:  Statistics Norway, Research Department, Oslo

    This paper investigates firm dynamics in the period before, during, and after an event consisting of a first published patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    This paper investigates firm dynamics in the period before, during, and after an event consisting of a first published patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from several business registers covering a period of almost 20 years. We apply an event study design and use matching to control for confounding factors. The first patent application by a young firm is associated with significant growth in employment, output, assets and public research funding. Moreover, our results indicate that economic activity starts to increase at least three years ahead of the first patent application. However, we find no evidence of additional firm growth after patent approval for successful applicants. Our findings indicate that the existence of a properly functioning patenting system supports innovation activities, especially early in the life cycle of firms.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/268062
    Series: Discussion papers / Statistics Norway, Research Department ; 986
    Subjects: Patenting; Firm performance; Panel data; Event study design
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  6. R&D grant and tax credit support for foreign-owned subsidiaries
    does it pay off?
    Published: 01/2022
    Publisher:  ZEW, Mannheim

    Foreign-owned subsidiaries make significant contributions to national Research and Development (R&D) in many host countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to... more

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    2 : Z 2027:2022,003
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    Badische Landesbibliothek
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    Foreign-owned subsidiaries make significant contributions to national Research and Development (R&D) in many host countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to leverage R&D-driven firm performance benefits for the host economy. However, the subsidiary's parent firm may decide not to exploit the results from publicly-funded R&D projects in the host country. Therefore, supporting subsidiaries’ R&D presents a risk that significant amounts of public funding may translate into little, or no payoffs for the host economy. Our study provides the first evaluation of 1) whether public R&D funding stimulates additional R&D investment in subsidiaries, 2) whether policy-induced R&D drives subsidiary performance, and 3) the differential effects of R&D grants and R&D tax credits. Drawing on a unique panel dataset for Ireland (2007-2016), we find that both R&D supports drive subsidiary R&D, resulting in substantial host country firm performance benefits.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Discussion paper / ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH ; No. 22-003
    Subjects: Public funding for R&D; Firm performance; Firm ownership; Foreign-owned subsidiaries; Multinational enterprise; R&D tax credit; R&D grant; Policy evaluation
    Scope: 49 Seiten, Diagramme
  7. Return of the Solow-paradox in AI?
    AI-adoption and firm productivity
    Published: [2022]
    Publisher:  Centre for Innovation Research (CIRCLE), Lund University, [Lund, Sweden]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 648
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    Source: Union catalogues
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    Media type: Book
    Format: Online
    Series: Papers in innovation studies ; no. 2022, 01
    Subjects: Recruiting personnel; AI related jobs; Artificial Intelligence; Job Market; Text Mining; Firm performance; Productivity
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  8. Policy support and firm performance during the COVID-19 pandemic
    evidence from Colombia
    Published: December 2022
    Publisher:  Inter-American Development Bank, Department of Research and Chief Economist, [Washington, DC]

    The pandemic hit the Colombian economy as hard as other countries. Using a novel Business Pulse Survey, this paper tests the effect of government support and COVID-19 cases on firms' performance. A one-standard-deviation increase in government... more

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    The pandemic hit the Colombian economy as hard as other countries. Using a novel Business Pulse Survey, this paper tests the effect of government support and COVID-19 cases on firms' performance. A one-standard-deviation increase in government support (in periods in which the pandemic's intensity was average) increased the percentage of firms reporting normal operations by 4.8 percent. Political demonstrations in spring 2021, however, reduced the percentage by 13 percent each month they lasted. Firms' financial distress also counters the impact of government support, suggesting the need to ease firms' access to financial markets. Last, we show that investing in digital solutions improved firms' performance but remote work degraded it.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/289984
    Series: IDB working paper series ; no IDB-WP-1347
    Subjects: COVID-19; Firm performance; Policies; Working from home
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  9. Who wins and who loses from state subsidies?