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The Global Crisis and the Subsidies to Manufacturing Firms

Abstract

The 2008-2009 global crisis has severely affected the world economy. Most national governments utilized fiscal policy measures including subsidies to reinforce and sustain their economies. In this study we examine the impact of the 2008-2009 global crisis on subsidies paid to manufacturing firms either by their governments or the European Union (i.e. EU). Our results indicate that, overall, a significantly larger proportion of firms had received subsidies after the global crisis. When we look into different subgroups, we find that firm size, female ownership, female management, and quality certification did not matter (more firms in all of these subgroups had received subsidies). On the other hand, our results demonstrate that firm type and top manager’s experience level made a difference in terms of subsidies received after the crisis.

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Beyond Budgeting – A Fair Alternative for Management Control? - Examining the Relationships between Beyond Budgeting and Organizational Justice Perceptions

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The CAC 40 Index’s Reaction to Terrorist Attacks: The Case of Charlie Hebdo

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Factors Influencing Customers’ Attitude Towards SMS Advertisement: Evidence from Mauritius

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Performance Management Systems – Proposing and Testing a Conceptual Model

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The Valences of “Value” for the Strategic Management Process

, M., Patscheke, S., & Hawkins, E. (2011). Measuring shared value. How to Unlock Value by Linking Social and Business Results , FSG. https://www.commdev.org/userfiles/Measuring_Shared_Value.pdf Rothaermel, F.T. (2015). Strategic Management . New York: McGraw Hill Education. Scott, M. C. (1998). Value Drivers: The Manager's Guide for Driving Corporate Value Creation . Wiley. Sempels, C., & Hoffmann, J. (2013). Sustainable innovation strategy: creating value in a world of finite resources . Palgrave Macmillan. Spender, J. C. (1996). Making

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Indicators as an Instrument of Measurement in Management Accounting in Logistics Enterprises in Poland

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Social value added (SVA) as an adaptation of economic value added (EVA) to the specificity of cultural institutions

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Strategies for developing knowledge economy in Romania

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The Impact of Organisational Learning on Organisational Performance

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