Lucena Pimentel, Abel ErnestoAfcha Chávez, Sergio Moisés2019-09-032019-09-032014https://repositorio.pucp.edu.pe/index/handle/123456789/166777The aim of this study is to examine how firms realize the benefits associated with public support for R&D programs. To do so, this research proposes and tests the hypothesis that the level of knowledge sourcing applied by a firm during the innovation process mediates the relationship between granted R&D subsidies and a firm’s innovative performance. Using a panel of Spanish manufacturing companies, the findings provide evidence to indicate that the degree of firms’ investments in intramural R&D and the levels of openness in their innovation serve as mediating mechanisms between R&D subsidies and firm innovation, as measured by patent application and new product introduction counts. The study advances the literature on innovation management and technology-policy evaluation by showing how firms use their knowledge-sourcing strategies to exploit opportunities provided by public intervention.enginfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/2.5/pe/Intramural R&DOpen innovationFirm innovative performanceInnovation policyMediation analysisinfo:eu-repo/semantics/workingPaperhttp://purl.org/pe-repo/ocde/ford#5.02.04http://dx.doi.org/10.7835/ccwp-2014-06-0002