The Application for and the Awarding of Low-Interest Credits to Finance R&D Projects

被引：30
|
作者：
Huergo, Elena [1 ]
Trenado, Mayte [2 ]
机构：
[1] GRIPICO Univ Complutense Madrid, Fac CC Econ & Empresariales, Dpto Fundamentos Anal Econ 1, Madrid 28223, Spain
[2] CDTI, Direcc Promoc Estudios & Serv Corporat, Dpto Estudios, Impact Anal Dept, Madrid 28001, Spain
来源：
REVIEW OF INDUSTRIAL ORGANIZATION | 2010年 / 37卷 / 03期
关键词：
Low-interest credits; Public aid for R&D; Application; Agency award; SAMPLE SELECTION; INNOVATION; PROGRAMS;
D O I：
10.1007/s11151-010-9263-7
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The objective of this paper is twofold: first, to analyze the determinants of firms' applications for low-interest credits to finance their research and development projects; and second, to study the award decision by the public agency. The results obtained for a sample of Spanish firms suggest that young firms, exporters, companies that belong to a high or medium-tech industry, and especially firms with previous experience in similar programs have a higher probability of applying for a credit. As for the award process, the most important effects are related to the technological and economic potential of the proposal, providing evidence that the agency tries to select the best projects.
引用
收藏
页码：237 / 259
页数：23
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