Does easy start-up formation hamper incumbents' R&D investment?

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

5 Citazioni (Scopus)

Abstract

This paper investigates the implications that complementary assets needed for the formation of start-ups have on the innovative efforts of incumbent firms. In particular, we highlight a strategic incentive effect by which the innovative efforts of incumbents are decreasing in the availability of the complementary assets needed for the creation of a start-up. Furthermore, we argue that the R&D investments of incumbents are positively related to the presence of policy support to innovation, and to the firm's endowment of human capital. The empirical relevance of our theoretical hypotheses is investigated - and supported - by using firm level data.
Lingua originaleEnglish
pagine (da-a)513-531
Numero di pagine19
RivistaSMALL BUSINESS ECONOMICS
Volume49
DOI
Stato di pubblicazionePubblicato - 2017

Keywords

  • Complementary assets
  • Innovation
  • R&D
  • Start-up

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