SME Performance and Public Support for International RJVs*
研究公共支持国际研发合资企业对中小企业绩效的影响，发现其对技术资产有直接正向作用，并通过技术改善提升劳动生产率和EBITDA，效果在项目结束后三年显现。
The objective of the present study is to analyze the impact of public support for international research joint ventures on SME performance considering two dimensions: technological and economic results. The research is also intended to examine the time pattern of this effect. For that purpose, we use a panel dataset containing information about Spanish participants in consortia supported by the SME-specific measures of the sixth Framework Programme. Empirical evidence corroborates a direct and positive impact on technological assets of participants. On the part of the economic indicators, EBITDA per employee and labor productivity are positively influenced by the improvement of technological background. All those effects are effective three years after the end of the project, confirming that SMEs are involved in market-oriented R&D projects.