Policy Instruments for High-Growth Enterprises

Coad, Alex; Harasztosi, Péter; Pál, Rozália; Teruel, Mercedes

doi:10.1007/978-3-030-94273-1_15

Cited by 11 publications

(7 citation statements)

References 68 publications

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“…Despite their better performance in general, the relatively stronger negative adjustments to the shock should be alarming, and specific policy interventions focusing on investment should be implemented. In particular, risksharing instruments, such as guarantees and equity or quasi-equity financing are among the best fit for HGEs and R&D companies (Coad et al, 2022b). There is also considerable evidence that innovative start-up/ scale-up firms (corresponding to all categories of young and small firms, HGEs and R&D investors and non-subsidiary firms) need alternative financing solutions beyond traditional bank finance, and further development of the venture debt and venture capital markets in Europe would boost these firms, providing a helping hand during the shock and preventing negative adjustments.…”

Section: Discussionmentioning

confidence: 99%

Investment expectations by vulnerable European firms in times of COVID

et al. 2022

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The effect of the COVID shock on European economies has been severe and also unequal, with some firms being affected much more strongly than others. To improve the effectiveness of policy interventions, policymakers need to understand which types of vulnerable firms have been suddenly pushed into dire circumstances. We seek to fill this important gap in our knowledge by providing evidence from the European Investment Bank Investment Survey 2016–2020 on how the COVID shock has affected the investment activity and investment-related framework conditions of vulnerable firms. While data on actual investment activity post-COVID is not yet available to us, we focus on investment expectations. We exploit the fact that the same questions relating to investment expectations have been asked in several previous survey waves, which enables a difference-in-differences approach to investigate how investment expectations might have suddenly changed, for vulnerable groups of firms, immediately after the onset of the COVID crisis. We focus on 4 groups of vulnerable firms: High-Growth Enterprises (HGEs), young and small firms, R&D investors and non-subsidiary firms. R&D investors are more likely to be pessimistic about investment plans as a consequence of the COVID shock, and (similarly) HGEs are less likely to be optimistic about investment plans. R&D investors are less likely to be optimistic about the availability of internal finance, while HGEs and R&D investors are more likely to be pessimistic about the availability of external finance. Subsidiary firms, interestingly, are more likely to report a decrease in expected investment, which is not necessarily evidence of financial constraints, because it could instead be part of a conservative group-level strategy and coordinated group-level reduction in investment. Event study graphs generally confirm our regression results.

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Section: Discussionmentioning

confidence: 99%

Investment expectations by vulnerable European firms in times of COVID

et al. 2022

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“…To understand this point, two dimensions are useful for placing EBPs within a broader set of public policies: the time horizon and the policy objective. Many public policies may have the indirect objective of increasing exports in the medium or long term 3 (see also Coad et al 2022;Bloom et al 2019), however, EBPs are short-term in nature, have the immediate goal of increasing exports of target firms in the short-run, and typically include the words "exports" or "foreign market" in their title and description. International trade theories (e.g.…”

Section: The Position Of Export Boosting Policies In a Wider Set Of P...mentioning

confidence: 99%

“…For example, in their reviews,Bloom et al (2019) andCoad et al (2022), suggest ways to increase innovation and indirectly exports in medium to long run by reforming intellectual property law, designing tax incentives for patents (i.e. patent box), improving education system, increasing the number of individuals trained in science, technology, engineering, and mathematics, increasing skilled immigration, improving labour market regulation, firm competition and trade openness, R&D policy, national mission-oriented R&D projects, public procurement policy (e.g.…”

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confidence: 99%

Export Boosting Policies and Firm Performance: Review of Empirical Evidence Around the World

Srhoj

Vitezić

Wagner

2023

Jahrbücher Für Nationalökonomie Und Statistik

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How effective are government policy attempts to boost firm exports in the short-run? We answer this question by conducting a review of 33 studies from 26 countries around the world, and provide nine findings. Export boosting policies are defined as a group of public policies that aim to increase firm exports in the short-run. These include policies such as export promotion, export-oriented public grants, public export guarantee schemes and subsidised export loans. Our review provides insights into policy effectiveness with respect to extensive and intensive export margins, as well as firms’ production function inputs and its outputs. The heterogeneity of effects across firm characteristics is emphasised, and the discussion is enriched with new evidence of spillover effects from export boosting policies. Finally, we summarise back-of-the-envelope calculations of the cost-benefit analysis and provide recommendations for future research.

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“…In stark contrast to the rapid expansion of the industry, there is always a shortage of relevant talents in the market at present. There are only 67,900 technically skilled talents in China with the ability to promote the application of blockchain technology, products, and services on the ground, and most of them are transferred from the Internet, software, IT services, and other fields [ 174 ]. The contradiction between the supply and demand of talents is outstanding.…”

Section: Challengesmentioning

confidence: 99%

Integration of Privacy Protection and Blockchain-Based Food Safety Traceability: Potential and Challenges

Lei

Liu

et al. 2022

Foods

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Concern about food safety has become a hot topic, and numerous researchers have come up with various effective solutions. To ensure the safety of food and avoid financial loss, it is important to improve the safety of food information in addition to the quality of food. Additionally, protecting the privacy and security of food can increase food harvests from a technological perspective, reduce industrial pollution, mitigate environmental impacts, and obtain healthier and safer food. Therefore, food traceability is one of the most effective methods available. Collecting and analyzing key information on food traceability, as well as related technology needs, can improve the efficiency of the traceability chain and provide important insights for managers. Technology solutions, such as the Internet of Things (IoT), Artificial Intelligence (AI), Privacy Preservation (PP), and Blockchain (BC), are proposed for food monitoring, traceability, and analysis of collected data, as well as intelligent decision-making, to support the selection of the best solution. However, research on the integration of these technologies is still lacking, especially in the integration of PP with food traceability. To this end, the study provides a systematic review of the use of PP technology in food traceability and identifies the security needs at each stage of food traceability in terms of data flow and technology. Then, the work related to food safety traceability is fully discussed, particularly with regard to the benefits of PP integration. Finally, current developments in the limitations of food traceability are discussed, and some possible suggestions for the adoption of integrated technologies are made.

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Policy Instruments for High-Growth Enterprises

Cited by 11 publications

References 68 publications

Investment expectations by vulnerable European firms in times of COVID

Investment expectations by vulnerable European firms in times of COVID

Export Boosting Policies and Firm Performance: Review of Empirical Evidence Around the World

Integration of Privacy Protection and Blockchain-Based Food Safety Traceability: Potential and Challenges

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