TY - UNPB
T1 - Public Support to Innovation Strategies
AU - Barbieri, Laura
AU - Bragoli, Daniela
AU - Cortelezzi, Flavia
AU - Marseguerra, Giovanni
PY - 2015
Y1 - 2015
N2 - This study investigates whether the receipt of public R&D funding determines firm's R&D strategy selection. Using the Community Innovation Survey (CIS) dataset
including more than 3000 Italian manufacturing companies, we adopt a multinomial logit model after controlling for sample selection and endogeneity issues which arise when dealing with CIS data. The main finding is that public R&D funding in uences whether firms select the make, the buy or the make&buy strategy and in particular firms, after receiving public support, prefer the composite strategy rather than the single strategies. This result turns out to be good news given that government support, correcting for the market failures which characterize the combined strategy, favors the strategy which seems to enhance a positive synergy between in house R&D and external sourcing.
AB - This study investigates whether the receipt of public R&D funding determines firm's R&D strategy selection. Using the Community Innovation Survey (CIS) dataset
including more than 3000 Italian manufacturing companies, we adopt a multinomial logit model after controlling for sample selection and endogeneity issues which arise when dealing with CIS data. The main finding is that public R&D funding in uences whether firms select the make, the buy or the make&buy strategy and in particular firms, after receiving public support, prefer the composite strategy rather than the single strategies. This result turns out to be good news given that government support, correcting for the market failures which characterize the combined strategy, favors the strategy which seems to enhance a positive synergy between in house R&D and external sourcing.
KW - Public funding, R&D strategies, CIS survey
KW - Public funding, R&D strategies, CIS survey
UR - http://hdl.handle.net/10807/75946
M3 - Working paper
SN - 9788834331552
BT - Public Support to Innovation Strategies
PB - Vita e Pensiero
ER -