Original scientific paper

https://doi.org/10.54820/ESAX9929

The Influence of Public Support for Innovations on the Economic Performance of Enterprises

Viktorie Klímová orcid.org/0000-0002-2880-0371 ; Masaryk University, Faculty of Economics and Administration, Czech Republic
Vladimir Žítek orcid.org/0000-0003-4724-2210 ; Masaryk University, Faculty of Economics and Administration, Czech Republic
Tereza Lelková orcid.org/0000-0002-8182-4698 ; Masaryk University, Faculty of Economics and Administration, Czech Republic

Abstract

The paper aims to assess how public support for innovation activities influences the economic performance of Czech companies. In the framework of the research, attention was paid to more than 600 Czech companies that received support to start their innovation activities. The analysis was performed on the case of the Innovation Program, which was co-financed by the European Regional Development Fund. The Innovation Program is the largest Czech program for innovation support and mainly supports the launching of technological innovations in practice. The detailed analysis included 214 defined enterprises, for which all necessary information was available. The research analyzed the turnover of companies before obtaining support and after the implementation of the project. The research results show how the grant affects different size categories of enterprises and how the effect of the aid varies across sectors of the national economy.

Keywords

innovation; enterprise; public support; business performance; Czech Republic

Hrčak ID:

271556

URI

https://hrcak.srce.hr/271556

Publication date:

7.12.2021.

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