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Título
Firm size and innovation policy
Autor
Facultad/Centro
Área de conocimiento
Es parte de
XX Congreso Nacional de ACEDE (Granada)
Cita Bibliográfica
Herrera, L., Sánchez-González, G., y Bravo, E. (2010). Firm size and innovation policy. XX Congreso Nacional de ACEDE (Granada).
Editorial
ACEDE, Asociación Científica de Economía y Dirección de la Empresa
Fecha
2010
Resumen
[EN] This study analysed the effect of R&D subsidies on strategic decisions taken by firms
when faced by innovation. The traditional approach of evaluating the impact of these
subsidies on the net figure of R&D expenditures does not enable us to establish how
public financing influences decisions involving technological knowledge generation,
nor the economic returns which could be derived from this process. The study analyses
these effects taking into consideration the size of the firm, since it is a widely used
variable in designing innovation policies. The study revealed that public funding,
regardless of size, mainly stimulated investments aimed at gaining knowledge within
the firm’s technological domain, while it did not expand the technological knowledge
frontier. The findings also show that subsidies only enhance the generation of
incremental innovations in the case of small firms. The study concludes that the present
approach to subsidies allocation is permitting the continuity of a certain strategic
behaviour which specialises in leading the firm towards a quest for immediate results
rather than constructing a sustainable competitive advantage.
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