A carregar...
Publicação
Private financing, R&D, and export activity: evidence from Portugal
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1.35 MB | Adobe PDF |
Orientador(es)
Resumo(s)
Using firm-level data for Portugal, 2006–2021, we investigate linkages between private financing — private equity (including venture capital) and private debt — and firms’ exporting and innovation. Combining matching and regression procedures, we find that private financing is associated with exporting and R&D activity. Firms financed by private equity are more likely to export and to export a larger share of their sales. They also exhibit higher propensity to allocate employees and funds to R&D, and to channel a larger share of investment into it. Private debt is likewise positively related to innovation inputs and exports, but both effects are limited to the extensive margin.
Descrição
Palavras-chave
Exports Private debt Private equity Research and development (R&D)
Contexto Educativo
Citação
Bação, P., Martins, A., & Portela, M. (2026). Private financing, R&D, and export activity: evidence from Portugal. Economics Letters, 263, Article 112876. https://doi.org/10.1016/j.econlet.2026.112876