Adverse selection and financing of innovation: is there a need for R&D subsidies?
T Takalo, T Tanayama - The Journal of Technology Transfer, 2010 - Springer
We study the interaction of private and public funding of innovative projects in the presence
of adverse-selection based financing constraints. Government programs allocating direct …
of adverse-selection based financing constraints. Government programs allocating direct …
Market failures and the additionality effects of public support to private R&D: Theory and empirical implications
T Takalo, T Tanayama, O Toivanen - International Journal of Industrial …, 2013 - Elsevier
We extend the theoretical basis of the empirical literature on the effects of R&D subsidies by
providing an estimable model of strategic interaction among subsidy applicants, and public …
providing an estimable model of strategic interaction among subsidy applicants, and public …
Financing innovation: Evidence from R&D grants
ST Howell - American economic review, 2017 - aeaweb.org
Governments regularly subsidize new ventures to spur innovation. This paper conducts the
first large-sample, quasi-experimental evaluation of R&D subsidies. I use data on ranked …
first large-sample, quasi-experimental evaluation of R&D subsidies. I use data on ranked …
Picking the winner? Empirical evidence on the targeting of R&D subsidies to start-ups
U Cantner, S Kösters - Small Business Economics, 2012 - Springer
This paper investigates the allocation of R&D subsidies given to start-ups. Considering the
coexistence of various R&D project schemes, we take an aggregate view and analyze the …
coexistence of various R&D project schemes, we take an aggregate view and analyze the …
R&D subsidy and self-financed R&D: The case of Japanese high-technology start-ups
T Koga - Small Business Economics, 2005 - Springer
This paper examines whether public R&D subsidies constitute a substitute or complement
for private-financed R&D. The empirical analysis is based on a panel data of 223 Japanese …
for private-financed R&D. The empirical analysis is based on a panel data of 223 Japanese …
Barriers to innovation and subsidy effectiveness
We explore the effects of subsidies by means of a model of firms' decisions about performing
R&D when some government support can be expected. We estimate it with data on about …
R&D when some government support can be expected. We estimate it with data on about …
Repairing the R&D market failure: Public R&D subsidy and the composition of private R&D
J Choi, J Lee - Research Policy, 2017 - Elsevier
We examine the role of government subsidy in addressing market failure in research and
development (R&D). Prior studies have shown that allocating market resources for R&D is …
development (R&D). Prior studies have shown that allocating market resources for R&D is …
Government R&D subsidies as a signal for private investors
R Kleer - Research policy, 2010 - Elsevier
Government subsidies for R&D are intended to promote projects with high returns to society
but too little private returns to be beneficial for private investors. This may be caused by …
but too little private returns to be beneficial for private investors. This may be caused by …
R&D subsidies and the performance of high-tech start-ups
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Tax incentives… or subsidies for business R&D?
We study whether firms' actual use of R&D subsidies and tax incentives is correlated with
financing constraints-internal and external-and appropriability difficulties and investigate …
financing constraints-internal and external-and appropriability difficulties and investigate …