Entrepreneurial Finance and the Effects of Restrictions on Government R&D Subsidies

Détails

ID Serval
serval:BIB_592099661775
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
Entrepreneurial Finance and the Effects of Restrictions on Government R&D Subsidies
Périodique
Organization Science
Auteur⸱e⸱s
Conti A.
ISSN
1047-7039
1526-5455
Statut éditorial
Publié
Date de publication
02/2018
Peer-reviewed
Oui
Volume
29
Numéro
1
Pages
134-153
Langue
anglais
Résumé
Entrepreneurial ventures often face liquidity constraints. While governments have intervened with programs subsidizing research and development (R&D) projects, these programs may have their effectiveness undermined by the restrictions they impose on subsidy recipients. We study the impact on venture outcomes of one important restriction, namely, the prohibition on transferring know-how away from a given geographic area. Using novel data on Israeli start-ups and evaluating a policy change that relaxed this restriction, we find that the policy change increased the likelihood of applying for a subsidy for start-ups most likely to have been affected by the restriction. We also show that R&D subsidies had a significant positive effect on start-up survival, the ability to attract external investment, and innovation, but only for recipients applying for subsidies after the restriction was relaxed.
Web of science
Création de la notice
21/08/2018 15:26
Dernière modification de la notice
20/08/2019 15:12
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