What is it about?
The article assesses how public investment support changes the capital structure and productivity of small enterprises. This representative case study from the Czech Republic shows that investment subsidies increase the fixed assets, the credit-to-debt ratio and the labour productivity of supported companies versus nonparticipants.
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Why is it important?
The impact evaluations of public investments are essential for policymakers to evaluate the effectiveness of public resource allocation. European public investment subsidies target small companies to enhance their competitiveness and viability in the market.
Perspectives
In the next programming period 2021+, policymakers should better define the priorities of public investment support to target investment projects that cannot be effectively financed by external or internal private sources. Moreover, policymakers in the Czech Republic should put more emphasis on marketing innovations which help small food processors to be more competitive on the market.
Dr Jindřich Špička
University of Economics, Prague
Read the Original
This page is a summary of: How does public investment support change the capital structure and productivity of small enterprises? An empirical study of the food industry, International Food and Agribusiness Management Review, December 2018, Wageningen Academic Publishers,
DOI: 10.22434/ifamr2018.0009.
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