Loading...
Please wait, while we are loading the content...
Similar Documents
The effectiveness of R&D subsidies in fostering firm innovation: The role of knowledge-sourcing activities
| Content Provider | SAGE Publishing |
|---|---|
| Author | Afcha, Sergio Lucena, Abel |
| Copyright Year | 2020 |
| Abstract | This article presents a novel conceptual framework that uses the notion of knowledge sourcing to explain how firms realize benefits from R&D subsidies in terms of innovations. The study considers two dimensions of the firm’s knowledge sourcing: its R&D effort and level of openness to technology markets. This article proposes that the policy-induced effects of R&D subsidies on the knowledge-sourcing process increase firms’ innovation outcomes, thus making this policy intervention effective in promoting innovation. By using panel data from Spanish manufacturing firms, this article presents evidence consistent with the hypothesis that by changing the knowledge sourcing of firms, National R&D subsidy programs in Spain also favor more firm innovation, measured by patent applications and new product launches. It is also documented that the granting of R&D subsidies does not affect firm innovation directly but rather through inducing changes in the firm’s R&D effort and openness to technology markets.JEL CLASSIFICATION: O32, O36, O38 |
| Related Links | https://journals.sagepub.com/doi/pdf/10.1177/2340944420933629?download=true |
| Starting Page | 302 |
| Ending Page | 323 |
| Page Count | 22 |
| ISSN | 23409444 |
| Issue Number | 4 |
| Volume Number | 24 |
| Journal | BRQ Business Research Quarterly (BRQ) |
| e-ISSN | 23409444 |
| DOI | 10.1177/2340944420933629 |
| Language | English |
| Publisher | Sage Publications UK |
| Publisher Date | 2020-06-18 |
| Publisher Place | London |
| Access Restriction | Open |
| Rights Holder | © The Author(s) 2020 |
| Subject Keyword | openness to knowledge sourcing R&D subsidies R&D policy evaluation R&D effort markets for technology |
| Content Type | Text |
| Resource Type | Article |
| Subject | Business and International Management Strategy and Management Economics and Econometrics Business, Management and Accounting |
