Arbeitspapier
Does easy start-up formation hamper incumbents' R&D investment? A theoretical and empirical analysis
This paper investigates, both theoretically and empirically, the implications that complementary assets needed for the formation of start-ups - proxied by the ease of access to financial resources - have on the innovative efforts of incumbent firms. In particular, we develop a theoretical model, highlighting a strategic incentive effect by which the innovative efforts of incumbent firms are decreasing in the availability of the complementary assets needed for the creation of a start- up. The empirical relevance of this effect is investigated by using firm level data drawn from the third Italian Community Innovation Survey covering the period 1998-2000. The results of our empirical analysis support our theory-based insights.
- Sprache
-
Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 7302
- Klassifikation
-
Wirtschaft
Innovation and Invention: Processes and Incentives
Entrepreneurship
- Thema
-
R&D
innovation
start-up
complementary assets
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Colombo, Luca
Dawid, Herbert
Piva, Mariacristina
Vivarelli, Marco
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Colombo, Luca
- Dawid, Herbert
- Piva, Mariacristina
- Vivarelli, Marco
- Institute for the Study of Labor (IZA)
Entstanden
- 2013