Financial support to innovation: The role of European development financial institutions
نویسندگان
چکیده
We analyse the role of European development financial institutions (DFIs) in supporting innovation by empirically investigating impact their participation as investors equity deals on target firms' patenting activity. build a unique international data set and firm-level years 2007–2019. Econometric results highlight positive contribution DFIs mobilizing finance to support innovation, magnitude this effect is amplified when act partnership with other investors. This represents novel evidence innovative-oriented mission driving These new findings point recent sharing management EU instruments, implementing programmes strengthen longer-term for enterprises, boosting growth.
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ژورنال
عنوان ژورنال: Research Policy
سال: 2022
ISSN: ['0048-7333', '1873-7625']
DOI: https://doi.org/10.1016/j.respol.2022.104566