Retaining winners: Can policy boost high-growth entrepreneurship?

Erkko Autio and Heikki Rannikko

Research Policy, 2016, vol. 45, issue 1, 42-55

Abstract: We analysed the growth impact delivered by a high-growth entrepreneurship policy initiative over a six-year period. Using an eight-year panel that started two years before the initiative was launched and propensity score matching to control selection bias, we found that the initiative had more than doubled the growth rates of treated firms. The initiative had delivered a strong impact also on value-for-money basis. In addition to producing the first robust evidence on the growth impact delivered by a high-growth entrepreneurship initiative, we contribute to public sponsorship theory with the notion of capacity-boosting activities to complement previously discussed buffering and bridging activities.

Keywords: High-growth entrepreneurship; High-growth policy impact; Entrepreneurship policy; Public sponsorship; Impact evaluation (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (88)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:45:y:2016:i:1:p:42-55

DOI: 10.1016/j.respol.2015.06.002

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