Picking the winner? Empirical evidence on the targeting of R&amp;D subsidies to start-ups

Cantner, Uwe; Kösters, Sarah

doi:10.1007/s11187-011-9340-9

Cited by 97 publications

(65 citation statements)

References 34 publications

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“…Most studies have shown that government R&D funding can increase technological innovation performance [62][63][64]. In Germany, Czarnitzki and Licht [62] found that a firm that had received government R&D funding had better patent performance than firms that had not.…”

Section: Government Randd Fundingmentioning

confidence: 99%

Factors Affecting the Survival of SMEs: A Study of Biotechnology Firms in South Korea

et al. 2017

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Past studies examining survival factors of biotechnology firms have focused on pioneer countries, such as the USA, the UK and Germany. However, as the biotechnology industry in Asia is reaching the take-off stage and showing a high growth rate, the research on survival factors in the context of Asian latecomers is needed. The present research investigates internal and external factors affecting the survival of SMEs (Small and Medium-sized Enterprises) in the biotechnology industry in South Korea. The Cox hazard model was employed to perform a robust estimation in survival analysis. The analysis of internal factors showed that the origin of a firm (i.e., having prior experience or spin-offs) and the business sub-sector (i.e., platform-based) affect the hazard rates of biotechnology firms. In terms of external factors, unlike strategic alliances, government R&D funding lowered hazard rates for the firm's survival. Additionally, considering that the reasons of firm exit can be divided into bankruptcy and M&A (Mergers and Acquisitions), the different effects of origins from other firms and strategic alliance for firm survival are confirmed. The results suggest that prior experience, platform-based and constant government R&D funding contribute to the sustainable development of SMEs in the biotechnology industry.

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Section: Government Randd Fundingmentioning

confidence: 99%

Factors Affecting the Survival of SMEs: A Study of Biotechnology Firms in South Korea

et al. 2017

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“…Nevertheless, the effectiveness of R&D subsidies is often questioned because it is not clear how they should be allocated to private firms (e.g. Cantner and Kösters, 2012;Koski and Pajarinen, 2014).…”

Section: Introductionmentioning

confidence: 99%

R&D subsidies and productivity in SMEs

Karhunen

Huovari

2015

Small Bus Econ

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This dissertation consists of an introductory chapter and four separate empirical studies which study higher education and productivity in Finland. Introductory chapter presents shortly the motivation, background and main results of this thesis. First three articles focus on the relationship between working while studying, dropout behavior and later labor market outcomes at individual level. Fourth article examines how subsidies affect labor productivity at the firm level.The first article of this thesis studies how working while studying relates to earnings after graduation from university or polytechnic. Analysis focuses on working while studying and earnings over two year period after graduation. The results show that early work experience is related to higher earnings right after graduation year, but instrumental variable estimations find no significant causal effect for university students.The second article explores on the relationship between working while studying and migration. Migration propensities are studied up to three years after graduation. Results show that working while studying can partly explain why the mobility of highly educated people has declined. We find that that there are differences by study region and earlier migration behavior.The third article examines the relationship between the decision to drop out from university and labor market outcomes. Results indicate that compared to similar university graduates, the dropouts' annual earnings are on average 11,000 euros lower four years after the dropout decision. Dropouts have also a higher probability of being self-employed than similar graduates.The fourth article examines the effect of R&D subsidies on labour productivity. Study uses firm-level data on Finnish SMEs from 2000 to 2012 and apply a combined matching and difference-in-differences method to control for selection bias. Study does not find significant positive effect on labour productivity over the five-year period after a subsidy is granted.

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“…Citam-se, por exemplo: o aumento da concentração industrial por meio do aumento da barreira de entrada -uma vez que empresas estabelecidas possuem maior capacidade de postular recursos públicos (LAINCZ, 2009); o favorecimento a grandes empresas e a projetos maduros, com baixo risco tecnológico, em detrimento de projetos com maior potencial de retorno social (CANTNER; KÖSTERS, 2012;GUISADO-GONZÁLEZ et al, 2013); ou mesmo efeitos de crowd-out, nos quais se observa a substituição de fontes em projetos que já seriam executados pelas empresas mesmo que o programa público Rev. Bras.…”

Section: Avaliação De Impacto Do Apoio Público Direto a Projetos Privunclassified

Programas de subvenção às atividades de PDI: uma comparação em biocombustíveis no Brasil, EUA e Europa

2015

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ResumoEntre os instrumentos de política pública disponíveis, encontra-se o apoio direto com recursos públicos a projetos de pesquisa e desenvolvimento executados no âmbito das empresas. Tais instrumentos, denominados comumente por grants ou subvenção econômica, exigem capacidade do poder público para especificar o foco temático de apoio, bem como para selecionar os projetos de interesse e acompanhá-los. A efetividade de programas públicos desta natureza depende do modo como as instituições públicas responsáveis pela administração dos recursos realizam suas escolhas, o que é reflexo dos processos instaurados internamente nestas organizações. Este artigo propõe um quadro analítico para comparação dos programas públicos de apoio, com foco nos processos de formulação, seleção e acompanhamento de projetos. Para tanto, são caracterizados três casos recentes de apoio desta natureza: o Biomass Program, nos EUA; o Paiss, no Brasil; e o NER300, na Comunidade Europeia. Verifica-se que o efeito de

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Picking the winner? Empirical evidence on the targeting of R&D subsidies to start-ups

Cited by 97 publications

References 34 publications

Factors Affecting the Survival of SMEs: A Study of Biotechnology Firms in South Korea

Factors Affecting the Survival of SMEs: A Study of Biotechnology Firms in South Korea

R&D subsidies and productivity in SMEs

Programas de subvenção às atividades de PDI: uma comparação em biocombustíveis no Brasil, EUA e Europa

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