Public Support to Innovation Strategies

Laura Barbieri, Daniela Bragoli, Flavia Cortelezzi () and Giovanni Marseguerra ()
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Flavia Cortelezzi: Dipartimento di Diritto, Economia e Culture, Università degli Studi dell’Insubria
Giovanni Marseguerra: Dipartimento di Discipline matematiche, Finanza matematica ed Econometria, Università Cattolica

No dises1509, DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)

Abstract: This study investigates whether the receipt of public R&D funding determines firm's R&D strategy election. Using the Community Innovation Survey (CIS) dataset including more than 3000 Italian manufacturing companies, we adopt a multinomial logit model after controlling for sample selection and endogeneity issues which arise when dealing with CIS data. The main finding is that public R&D funding in uences whether firms select the make, the buy or the make&buy strategy and in particular firms, after receiving public support, prefer the composite strategy rather than the single strategies. This result turns out to be good news given that government support, correcting for the market failures which characterize the combined strategy, favors the strategy which seems to enhance a positive synergy between in house R&D and external sourcing.

Keywords: Public Funding; R&D strategies; CIS Survey (search for similar items in EconPapers)
JEL-codes: D21 G32 O31 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2015-12
New Economics Papers: this item is included in nep-com, nep-cse, nep-eur, nep-ino, nep-sbm and nep-ure
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http://dipartimenti.unicatt.it/dises-dises_wp_15_109.pdf First version, 2015 (application/pdf)

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