Naslov
The Effects of EU R&I Funding on SME Innovation and Business Performance in New EU Member States: Firm-Level Evidence
(The Effects of EU R&I Funding on SME Innovation and Buisness Performance in New EU Member States: Firm-Level Evidence)

Autori
Čučković, Nevenka ; Vučković, Valentina

Izvornik
Economic Annals (0013-3264) 66 (2021), 228; 7-41

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
SMEs, innovation, R&D, EU R&I funding

Sažetak
SMEs are the most dynamic and vibrant part of the enterprise sector in terms of start-ups and new jobs, and a significant share of the EU’s total innovation activities take place within them. This paper uses the Community Innovation Survey (CIS) 2014 and eCORDA data to analyse whether SME participation in EU R&I funding programmes has increased their innovation activities and business performance. To achieve this, we empirically test whether SMEs that received EU funds recorded an improvement in their innovation and economic performance. This is measured by R&D expenditure, product innovation, turnover, and employment. The paper focusses particularly on new EU member countries and among them to those from Central and Eastern Europe (CEE). It explores the theoretical and methodological backgrounds that guided us in these analyses and performs treatment effect analysis at firm level, using CIS CD-ROM data that we received on request from Eurostat. The obtained results indicate that EU R&I funding is beneficial to the innovation activities of SME recipients, and to their overall business performance. It also assists new EU member states in the process of ‘catching up’ to the growth levels of more established EU economies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Rad je temeljem na istraživanju kojeg su autori proveli u okjviru Horizon 2020 projekta "Investigating the Impact of Innovation Union" (I3U), Grant Agreement No. 645884

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