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
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

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Colombo, Luca
  • Dawid, Herbert
  • Piva, Mariacristina
  • Vivarelli, Marco
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2013

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