scholarly journals Timely help or icing the cake? Revisiting the effect of public subsidies on private R&D investment in Taiwan

2018 ◽  
pp. 345-366
Author(s):  
Hsini Huang ◽  
Nailing Kuo
Keyword(s):  
Public Subsidies ◽  
D Investment

scholarly journals ASSESSING THE EFFECT OF PUBLIC SUBSIDIES ON FIRM R&D INVESTMENT: A SURVEY

2012 ◽  
Vol 28 (1) ◽  
pp. 36-67 ◽  
Author(s):  
José Ángel Zúñiga-Vicente ◽  
César Alonso-Borrego ◽  
Francisco J. Forcadell ◽  
José I. Galán
Keyword(s):  
Public Subsidies ◽  
D Investment

IMPACT OF PUBLIC FUNDING ON A FIRM'S INNOVATION PERFORMANCE: ANALYSIS OF INTERNAL AND EXTERNAL MODERATING FACTORS

2011 ◽  
Vol 15 (06) ◽  
pp. 1297-1322 ◽  
Author(s):  
JOSE ALBORS-GARRIGOS ◽  
ROSA RODRIGUEZ BARRERA
Keyword(s):  
Performance Analysis ◽  
Public Funding ◽  
Innovation Process ◽  
Innovation Performance ◽  
Mediating Effects ◽  
Research Gaps ◽  
Moderating Factors ◽  
Public Subsidies ◽  
Innovative Behaviour ◽  
D Investment

This paper analyses the effect of public subsidies on a firm's innovation performance. The research aims at filling two research gaps. First, it will try to analyse the effect of public source funding directly on a firm's innovation performance analysing not the effects on R&D investment or intensity but on the final results of the innovative effort, its outcome. Secondly, it will examine the mediating effects of various (internal and external to the firm innovative behaviour) factors which influence the whole innovation process and, though have been identified by literature, its effects have not yet been properly quantified.

The relation between R&D accounting treatment and the risk of the firm: Evidence from the Italian market

2014 ◽  
pp. 33-54 ◽  
Author(s):  
Riccardo Cimini ◽  
Alessandro Gaetano ◽  
Alessandra Pagani
Keyword(s):  
Earnings Management ◽  
Fiscal Year ◽  
Investment Strategies ◽  
Capital Assets ◽  
Italian Market ◽  
D Investment ◽  
Firm Evidence

In this paper, we investigate the relation between the different accounting treatments of R&D expenditures and the risk of the entity in order to identify under which treatment insiders are more likely to carry out earnings management. By analysing the R&D investment strategies of a sample of 137 listed Italian entities that complied with the requirements of IAS 38 during fiscal year 2009, following Lantz and Sahut (2005), we calculate several indexes that show the preferences of insiders to account R&D expenditures as costs or capital assets, and we study the relation of such preferences with the risk of the entity, which we measure with the unlevered beta. We hypothesize that the entities, which considered the R&D investments as costs, are the riskiest ones due to the higher probability that insiders carried out earnings management. Our results confirm such hypothesis. This paper could have implications for academics and standard setters that could learn that behind accounting discretion, insiders could opportunistically behave against outsiders.

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