TY - JOUR
T1 - Public Funding and Innovation Strategies. Evidence from Italian SMEs
AU - Barbieri, Laura
AU - Bragoli, Daniela
AU - Cortelezzi, Flavia
AU - Marseguerra, Giovanni
PY - 2020
Y1 - 2020
N2 - Using a dataset which combines Community Innovation Survey(CIS) and accounting information on Italian manufacturing firms,we adopt a two step econometric procedure to investigate whether the receipt of public funding determines firms’ innovation strategy selection. In the first step an innovation selection equation is estimated, in the second we adopt a bivariate probit model. The main finding is that public funding influences whether firms select the make, the buy or the make&buy strategy, favoring the latter. The composite strategy is the one linked to the buildup of absorptive capacity which, according to the empirical evidence, turns out to be associated to a better innovative performance.
AB - Using a dataset which combines Community Innovation Survey(CIS) and accounting information on Italian manufacturing firms,we adopt a two step econometric procedure to investigate whether the receipt of public funding determines firms’ innovation strategy selection. In the first step an innovation selection equation is estimated, in the second we adopt a bivariate probit model. The main finding is that public funding influences whether firms select the make, the buy or the make&buy strategy, favoring the latter. The composite strategy is the one linked to the buildup of absorptive capacity which, according to the empirical evidence, turns out to be associated to a better innovative performance.
KW - D strategies
KW - R&
KW - public funding
KW - D strategies
KW - R&
KW - public funding
UR - http://hdl.handle.net/10807/144497
U2 - 10.1080/13571516.2019.1664834
DO - 10.1080/13571516.2019.1664834
M3 - Article
SN - 1357-1516
VL - 27
SP - 111
EP - 134
JO - International Journal of the Economics of Business
JF - International Journal of the Economics of Business
ER -