Public R&D funding: Does the source determine the strategy
The aim of this study is to analyze whether the receipt of public funding determines firm's R&D Strategy selection. This issue is crucial as previous studies have shown that each R&D strategy is associated to a higher, or lower, innovation performance. We consider three R&D strategi...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión aceptada para publicación |
| Fecha de publicación: | 2013 |
| País: | España |
| Institución: | Universidad de Barcelona |
| Repositorio: | Dipòsit Digital de la UB |
| OAI Identifier: | oai:diposit.ub.edu:2445/118696 |
| Acceso en línea: | https://hdl.handle.net/2445/118696 |
| Access Level: | acceso abierto |
| Palabra clave: | Recerca industrial Recerca Finançament Anàlisi de dades de panel Teorema del binomi Industrial research Research Funding Panel analysis Binomial theorem |
| Sumario: | The aim of this study is to analyze whether the receipt of public funding determines firm's R&D Strategy selection. This issue is crucial as previous studies have shown that each R&D strategy is associated to a higher, or lower, innovation performance. We consider three R&D strategies - make, buy, make-buy- and three different sources of public funding -Regional, State and other, such as EU- .The model estimation is performed through a multinomial logit model with random effects with a sample of 457 large firms for the period 1992-2005, taken from the Spanish Survey of Business Strategies. The main finding of this study is that the source of the funding influences whether firms select the make, buy or make-buy strategy. Additionally, due to the panel structure of the sample, we observe that the effect public funding on the R&D strategy selection last longer for State and Regional funds that for Other funds. |
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