Public funding of R&D and its effect on the composition of business R&D expenditure

Abstract:

This paper discusses the potential effects of R&D public subsidies on a strategic issue for companies, the decision to combine internal and external R&D expenditure. Analyzing some arguments discussed in the management literature, it is assessed whether public intervention by granting R&D subsidies influences the composition of R&D expenditure. To do this, we analyze the data from the Survey on Business Strategies for the period 1991-2008. Results confirm that the public funding of R&D expenditure through subsidies have a positive impact on internal R&D and especially in the decision to conduct R&D internally and externally simultaneously.

Año de publicación:

2014

Keywords:

• Technology policy evaluation
• R&D subsidies
• Internal-external R&D
• Selection models
• Innovation strategy

Fuente:

scopus