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The Effects of R&D Intensity and Tax Incentives on Firms Growth of PIGS Countries

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  • Markéta Šeligová

Abstract

The aim of this paper is to evaluate the effects of R&D intensity, R&D investment and tax incentives on firms' growth in Portugal, Italy, Greece and Spain from 2002 to 2014. Another ambition of this paper is to identify which selected factors affected firms' growth. The effect of variables such as the R&D intensity, generosity of tax incentives, capital intensity, profitability, firm size and firm sales was tested. Using panel regression analysis a positive influence R&D intensity and generosity of tax incentives at firms' growth was recorded.

Suggested Citation

  • Markéta Šeligová, 2016. "The Effects of R&D Intensity and Tax Incentives on Firms Growth of PIGS Countries," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2016(2), pages 53-67.
    • Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:2:id:157:p:53-68
    DOI: 10.18267/j.efaj.157
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    More about this item

    Keywords

    Firms growth; R& D Intensity; Tax subsidies;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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