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022 _a02662426
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHD2346.167
100 1 _aHerrera, Liliana
_eauthor
245 1 0 _aFirm size and innovation policy/
_ccreated by Liliana Herrera and Gloria Sánchez-González
264 1 _aLondon :
_bSage,
_c2013.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aInternational small business journal
_vVolume 31, number 2
520 3 _aThis study analyses the additionality effects of R&D subsidies on innovation activity: specifically, the allocation of in-house R&D expenditures and economic returns from the innovation process. The magnitude of these effects has been established in the context of a common variable informing the design of innovation policies: firm size. The study reveals that regardless of firm size, public funding stimulates investment within the firm’s technological domain (applied research and technological development), but did not expand the technological knowledge frontier (basic research). The findings also show that R&D subsidies have different additionality effects upon economic returns derived from the innovation process. Although subsidies increased private R&D effort quite significantly in small firms, this only prompted an expansion in the sale of products new for the firm. However, large subsidized firms which only increased investment in technological development improved the sale of products new to the market.
650 _aFirm size
_vR&D subsidies
_xInnovation policy
_zUSA
700 _aSánchez-González, Gloria
_eco author
856 _uhttps://doi.org/10.1177/0266242611405553
942 _2lcc
_cJA
999 _c166748
_d166748