December 8, 2025Open Access

Government R&D Subsidies and the Dual Performance of Marginal Firms: Divergent Effects on Financial and Technological Outcomes in South Korea

Key Points

Positive effects of R&D subsidies on innovation performance were observed, while financial performance showed no significant change.
Over 882 marginal firms in South Korea were studied between 2012 and 2018, demonstrating varied influences of subsidies.
Probit and Poisson regression models were utilized to analyze the impacts of public support on firms' outcomes.
Findings highlight the necessity for tailored innovation policies to better support productive marginal firms.

Abstract

Government R Government R Marginal firms; Zombie firms; Financial performance; Technological performance; Patent output; Innovation performance; Small and Medium-sized Enterprises (SMEs); Absorptive capacity; Innovation policy; Public support programs; Firm-level innovation; Distressed enterprises; South Korea.

Read Full Paperexternally

AI에게 질문

Bookmark

View Full Paper

Cite This Study

Ahn et al. (Wed,) studied this question.

synapsesocial.com/papers/693624a44fa91c937236c38d https://doi.org/https://doi.org/10.55463/hkjss.issn.1021-3619.66.6

Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

AI에게 질문

Bookmark

View Full Paper