The impact of firm participation in R&D programmes on R&D partnerships |
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Authors: | Isabel Busom Andrea Fernández-Ribas |
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Institution: | a Departament d’ Economia Aplicada, Universitat Autònoma de Barcelona, 08193 Bellaterra, Spain b School of Public Policy, Georgia Institute of Technology, Atlanta, GA 30332-0345, USA |
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Abstract: | R&D subsidies designed to encourage innovation efforts by firms may have intended and unintended effects on the way they organize their innovation process. We present empirical evidence on how R&D subsidies affect firms’ R&D cooperation strategies. In particular, we investigate whether receiving public R&D subsidies affect the probability that a firm will set up an R&D partnership with a public research organization (PRO), or with other firms. Our main findings are: (i) public support significantly increases the chances that a firm will cooperate with a PRO, and (ii) public support also increases the likelihood that a firm will establish private partnerships, but to a smaller extent and only when firms have intangible knowledge assets. These results suggest that public R&D programmes trigger a behavioural change in firms’ R&D partnerships, alleviating barriers to cooperation. |
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Keywords: | O31 O38 H32 C25 C35 |
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