R&D et innovation en France : quel financement pour les entreprises de la Défense ?
AbstractWe study the financing of R&D and innovation expenditures of French defence firms at the end of a period characterised by a decline of defence purchasing. Our results provide some support for the hypothesis of a dependence of these firms on public aid. However, large groups receive most of this aid and small independent firms are more dependent on bank loans. Improving their financing may induce an increasing of their R&D and innovation expenditures. JEL: L60, L64, G32, O3
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Bibliographic InfoArticle provided by De Boeck Université in its journal Innovations.
Volume (Year): n° 28 (2008)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.cairn.info/revue-innovations.ht
defence firms; financial structure; R&D expenditure; innovation; public aid;
Find related papers by JEL classification:
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
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