Blar i NHH Brage på emneord "R&D grants"
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Corporate returns to subsidized R&D projects: Direct grants vs tax credit financing
(Discussion paper;9/18, Working paper, 2018-05-31)According to theory, direct R&D grants should be used for projects with low private returns, high social returns and high risk. R&D tax credits, on the other hand, allow firms to choose projects freely according to their ...