Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach

In this paper we evaluate the effectiveness of regional R&D public programs in Catalonia (Spain) with a two-stage procedure. Firstly, we compare the performance of publicly subsidised companies (treated) with that of similar, but unsubsidised companies (non-treated). We use the Propensity Score...

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Detalles Bibliográficos
Autores: Duch, Néstor, Montolio, Daniel, Mediavilla Bordalejo, Mauro
Tipo de recurso: artículo
Fecha de publicación:2009
País:España
Institución:Universidad de Alcalá (UAH)
Repositorio:e_Buah Biblioteca Digital Universidad de Alcalá
Idioma:inglés
OAI Identifier:oai:ebuah.uah.es:10017/29699
Acceso en línea:http://hdl.handle.net/10017/29699
Access Level:acceso abierto
Palabra clave:R&D policy
Evaluation
Firm performance
Propensity Score Matching
Política de I+D
Evaluación
Resultados empresariales
Economía
Geografía
Sociología
Economics
Geography
Sociology
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spelling Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approachEvaluación del impacto de los subsidios públicos en el funcionamiento de una empresa: una aproximación cuasi-experimental en dos etapasDuch, NéstorMontolio, DanielMediavilla Bordalejo, MauroR&D policyEvaluationFirm performancePropensity Score MatchingPolítica de I+DEvaluaciónResultados empresarialesPropensity Score MatchingEconomíaGeografíaSociologíaEconomicsGeographySociologyIn this paper we evaluate the effectiveness of regional R&D public programs in Catalonia (Spain) with a two-stage procedure. Firstly, we compare the performance of publicly subsidised companies (treated) with that of similar, but unsubsidised companies (non-treated). We use the Propensity Score Matching (PSM) methodology to construct a control group which, with regard to its observable characteristics, is as similar as possible to the treated group, and that allows us to identify firms which maintain the same propensity to receive public subsidies. Secondly, and once a valid comparison group has been established, we compare the respective performance of each firm using regression techniques. As a result, we find that recipient firms, on average, seem to increase their value added as a direct result of public subsidy programs.En este artículo se evalúa, utilizando una técnica en dos etapas, la efectividad de los programas públicos de I+D en Cataluña (España). Primero se comparan los resultados de las empresas subvencionadas (tratadas) con empresas similares, pero no subvencionadas (control). Se utiliza la metodología del Propensity Score Matching (PSM) para construir un grupo de control que sea lo más parecido posible, respecto a sus principales características, al grupo de tratamiento, que permita identificar a las empresas que presentan la misma propensión a recibir subsidios públicos. Segundo, una vez se ha establecido un grupo de comparación válido, se comparan los resultados de las empresas de los diferentes grupos utilizando técnicas de regresión. Como resultado, se encuentra que las empresas que reciben subvenciones, en promedio, parecen aumentar su valor añadido como resultado directo de los programas públicos.Asociación Española de Ciencia Regional (AECR)20092009-01-01journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10017/29699reponame:e_Buah Biblioteca Digital Universidad de Alcaláinstname:Universidad de Alcalá (UAH)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:ebuah.uah.es:10017/296992026-06-18T11:13:07Z
dc.title.none.fl_str_mv Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach
Evaluación del impacto de los subsidios públicos en el funcionamiento de una empresa: una aproximación cuasi-experimental en dos etapas
title Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach
spellingShingle Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach
Duch, Néstor
R&D policy
Evaluation
Firm performance
Propensity Score Matching
Política de I+D
Evaluación
Resultados empresariales
Propensity Score Matching
Economía
Geografía
Sociología
Economics
Geography
Sociology
title_short Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach
title_full Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach
title_fullStr Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach
title_full_unstemmed Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach
title_sort Evaluating the impact of public subsidies on a firm’s performance: a two-stage quasi-experimental approach
dc.creator.none.fl_str_mv Duch, Néstor
Montolio, Daniel
Mediavilla Bordalejo, Mauro
author Duch, Néstor
author_facet Duch, Néstor
Montolio, Daniel
Mediavilla Bordalejo, Mauro
author_role author
author2 Montolio, Daniel
Mediavilla Bordalejo, Mauro
author2_role author
author
dc.subject.none.fl_str_mv R&D policy
Evaluation
Firm performance
Propensity Score Matching
Política de I+D
Evaluación
Resultados empresariales
Propensity Score Matching
Economía
Geografía
Sociología
Economics
Geography
Sociology
topic R&D policy
Evaluation
Firm performance
Propensity Score Matching
Política de I+D
Evaluación
Resultados empresariales
Propensity Score Matching
Economía
Geografía
Sociología
Economics
Geography
Sociology
description In this paper we evaluate the effectiveness of regional R&D public programs in Catalonia (Spain) with a two-stage procedure. Firstly, we compare the performance of publicly subsidised companies (treated) with that of similar, but unsubsidised companies (non-treated). We use the Propensity Score Matching (PSM) methodology to construct a control group which, with regard to its observable characteristics, is as similar as possible to the treated group, and that allows us to identify firms which maintain the same propensity to receive public subsidies. Secondly, and once a valid comparison group has been established, we compare the respective performance of each firm using regression techniques. As a result, we find that recipient firms, on average, seem to increase their value added as a direct result of public subsidy programs.
publishDate 2009
dc.date.none.fl_str_mv 2009
2009-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10017/29699
url http://hdl.handle.net/10017/29699
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Asociación Española de Ciencia Regional (AECR)
publisher.none.fl_str_mv Asociación Española de Ciencia Regional (AECR)
dc.source.none.fl_str_mv reponame:e_Buah Biblioteca Digital Universidad de Alcalá
instname:Universidad de Alcalá (UAH)
instname_str Universidad de Alcalá (UAH)
reponame_str e_Buah Biblioteca Digital Universidad de Alcalá
collection e_Buah Biblioteca Digital Universidad de Alcalá
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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