(Article of periodic en Anglais - 2014)

Document title

Funding innovation at regional level : an analysis of a public policy intervention in the Piedmont region

Authors(s) and Affiliation(s)

CANNONE G. (1) ; UGHETTO E. (1) ;
(1) Politecnico di Torino, Turin, ITALIE


This paper evaluates the attractiveness and efficiency of the public financing programme Documento Unico di Programmazione in the Piedmont region of Italy. First, it is found that leveraged firms are more likely to ask for public subsidies. Second, that firms willing to undertake investments in innovative equipment and machinery present lower costs and a higher life cycle of the projects to be financed. Third, that for those willing to investin R&D projects or show a high technological profile, the selection process seems to be influenced by firm profitability. Finally, it concludes that subsidized firms show an increase of indebtedness and of total fixed assets, while there is no evidence of any impact on firm profitability


Article of periodic

published at : Regional studies / ISSN 0034-3404

Editor : Cambridge University Press, Cambridge - ROYAUME-UNI (1967)

Millesime : 2014, vol. 48, no2 [pp. 270-283]

Bibliographic references : 2 p.

Collation : 9 tabl.



Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1080/00343404.2011.653338

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
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