European Financial and Accounting Journal 2016, 11(2):53-67 | DOI: 10.18267/j.efaj.157

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

Markéta Šeligová
Markéta Šeligová; Silesian University in Opava, School of Business Administration in Karviná, Department of Finance and Accounting, Univerzitní nám. 1934/3, 733 40 Karvina, Czech Republic, <seligova@opf.slu.cz>.

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.

Keywords: Firms growth, R&D Intensity, Tax subsidies
JEL classification: H20, H25, O32

Published: June 1, 2016  Show citation

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Šeligová, M. (2016). The Effects of R&D Intensity and Tax Incentives on Firms Growth of PIGS Countries. European Financial and Accounting Journal, 11(2), 53-67. doi: 10.18267/j.efaj.157
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