The Impacts of Government Grants on Firm Behaviors
- 10.2991/assehr.k.211209.038How to use a DOI?
- Innovation; Government Grant; Firm Behaviors
Government grants play a key role in the firm’s innovation. It helps the firm to innovate products, improves the firm’s development, and promotes the firm’s growth. Based on a competition-based government grant program called Innovate UK, I find a significant relationship between government grants and firm behaviors. For the empirical analysis, I adopt OLS (Ordinary Least Square) regression models with the company and time fixed effects. Specifically, the data shows that winning a grant increase the firm’s total asset, short-term liabilities, long-term liabilities, and the firm’s intangible asset. By showing that government grants can accelerate the innovation and the growth of the firm and the firm’s products to some extent, this paper highlights the government’s role in shaping the firm’s innovation behaviors.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Rui Chen PY - 2021 DA - 2021/12/15 TI - The Impacts of Government Grants on Firm Behaviors BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 226 EP - 234 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.038 DO - 10.2991/assehr.k.211209.038 ID - Chen2021 ER -