Journal title MANAGEMENT CONTROL
Author/s Milena Serra, Laura Mulas, Alessandra Mura
Publishing Year 2012 Issue 2012/suppl. 2 Language Italian
Pages 22 P. 33-54 File size 179 KB
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This study investigates how government grants impact on the value added (VA) creation in beneficiary firms. The analysis compares the accounting performance realised during the period 2002-2009 by two groups of Italian manufacturing firms, similar in many respects with the exception that only one control group benefits from external subsidies. The results of various statistical tests reinforce each other in showing that the receipt of government grants does not increase the level of VA added of beneficiary firms. In addition, as the amount of government grants increases, it appears a decrease in the VA. This evidence significantly questions the real effectiveness of such policies in supporting the business sector.
Keywords: Government Grant, Value added, Investment policies, Manufacturing firms
Milena Serra, Laura Mulas, Alessandra Mura, Contribuzione pubblica e creazione di Valore Aggiunto nelle imprese italiane. Un’analisi empirica in "MANAGEMENT CONTROL" suppl. 2/2012, pp 33-54, DOI: 10.3280/MACO2012-SU2003