The adverse implications of government grants
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[EMBARGOED UNTIL 08/01/2026] The government plays a vital role in society, using their resources to alter the behavior of other organizations, inclusive of providing specific grants to firms. These grants, however, come in distinct forms, each with their own unique dynamics, purpose, and function. As a firm grapples with a government grant, while an explicit and intended purpose may exist, the underlying aspects of how each type of grant operates will have unintended implications for the firm. These adverse effects, often overlooked, are vital to improving the interconnectivity between firms and the government. This series of studies investigate how distinct mechanisms influence firm behavior after it receives either public sponsorship, a subsidy, or a tax concession, potentially creating adverse and confounding firm behavior.
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Ph. D