Table 2.
Marginal effects from logit model for firms' probability of receiving public R&D funding
| Foreign-owned firms | Domestic firms | |||
|---|---|---|---|---|
| Variables | R&D grants | R&D tax credit | R&D grants | R&D tax credit |
| R&D above median | 0.0765*** (0.00984) | 0.0731*** (0.0133) | 0.0303*** (0.00550) | 0.198*** (0.00694) |
| Past turnover quartile two | − 0.0478** (0.0194) | 0.0671*** (0.0201) | − 0.0187** (0.00841) | 0.00766 (0.00908) |
| Past turnover quartile three | − 0.0441** (0.0206) | 0.0593*** (0.0212) | − 0.0181** (0.00912) | − 0.0149 (0.00977) |
| Past turnover quartile four | − 0.0210 (0.0221) | 0.0553** (0.0232) | − 0.0252** (0.0109) | − 0.0203* (0.0118) |
| Previous public R&D funding | 0.252*** (0.0185) | 0.358*** (0.0104) | 0.224*** (0.00709) | 0.250*** (0.00570) |
| Other R&D support | 0.0266** (0.0111) | − 0.0243 (0.0167) | 0.0793*** (0.00570) | 0.0592*** (0.00700) |
| Firm size: small | 0.0880* (0.0532) | 0.143*** (0.0516) | 0.00890 (0.00781) | 0.0167* (0.00869) |
| Firm size: medium | 0.121** (0.0536) | 0.131** (0.0525) | 0.00171 (0.0112) | 0.0148 (0.0123) |
| Firm size: large | 0.135** (0.0545) | 0.0727 (0.0544) | 0.00952 (0.0181) | − 0.0419** (0.0200) |
| Observations | 4,051 | 4,023 | 15,756 | 15,756 |
*p < 0.1; **p < 0.05; ***p < 0.01. Standard errors in parentheses. All coefficients from the logit models are presented as marginal effects, for ease of interpretation. Dummy variables for year and NACE sector are included in the propensity score estimation, but the output is not displayed here. The base category for firm size is micro; the base category for R&D intensity quartile is zero R&D; the base category for turnover is the lowest turnover quartile