NDLI: Public Support for Innovation in Russian Firms: Looking for Improvements in Corporate Performance Quality

Content Provider	Springer Nature Link
Author	Simachev, Yuri Kuzyk, Mikhail Feygina, Vera
Copyright Year	2015
Abstract	This research focuses on the efficiency of Russia’s policy to foster innovation. We conduct an empirical analysis of how policy instruments impact firms’ behavior. The analytical data are obtained from a survey of more than 650 Russian industrial firms in 2012. The analysis shows that state support for innovation clearly targets successful companies and does not target laggard or insider (i.e., partially state-owned) firms. Comparing innovation effects on firms with and without state support, we found no strong improvement in corporate performance as a result of state-supported innovation. A significant positive correlation with state support existed for only one characteristic of firm performance: export volume. Considering specific effects of tax incentives and public subsidies on companies’ innovation behavior, we found out that direct public funding was more likely to mitigate risk and facilitate the launch of new innovative projects. Simultaneously, both tools lead to public funds crowding out private funds.
Starting Page	13
Ending Page	31
Page Count	19
File Format	PDF
ISSN	10830898
Journal	International Advances in Economic Research
Volume Number	21
Issue Number	1
e-ISSN	1573966X
Language	English
Publisher	Springer US
Publisher Date	2015-01-15
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Innovation Firm behavior Tax incentives Public subsidies and grants Government innovation policy Economics general Macroeconomics/Monetary Economics International Economics Microeconomics Economic Growth
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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