Research on Innovation Signals and Feedbacks between SMEs and the Government

References

Antonelli, C., and F. Crespi. 2013. “The ‘Matthew Effect’ in R&D Public Subsidies: The Italian Evidence.” Technological Forecasting and Social Change 80 (8): 1523–34, https://doi.org/10.1016/j.techfore.2013.03.008.10.1016/j.techfore.2013.03.008Search in Google Scholar

Arrow, K. 1962. “Economic Welfare and the Allocation of Resources for Invention. The Rate and Direction of Inventive Activity: Economic and Social Factors.” National Bureau of Economic Research Inc 609–26.10.1515/9781400879762-024Search in Google Scholar

Asfaw, S., B. Shiferaw, F. Simtowe, and L. Lipper. 2012. “Impact of Modern Agricultural Technologies on Smallholder Welfare: Evidence from Tanzania and Ethiopia.” Food Policy 37 (3): 283–95, https://doi.org/10.1016/j.foodpol.2012.02.013.10.1016/j.foodpol.2012.02.013Search in Google Scholar

Bianchi, M., S. Murtinu, and V. G. Scalera. 2019. “R&D Subsidies as Dual Signals in Technological Collaborations.” Research Policy 48 (9): 103821, https://doi.org/10.1016/j.respol.2019.103821.10.1016/j.respol.2019.103821Search in Google Scholar

Blanes, J. V., and I. Busom. 2004. “Who Participates in R&D Subsidy Programs?” Research Policy 33 (10): 1459–76, https://doi.org/10.1016/j.respol.2004.07.006.10.1016/j.respol.2004.07.006Search in Google Scholar

Cameron, A. C., and D. L. Miller. 2015. “A Practitioner’s Guide to Cluster-Robust Inference.” Journal of Human Resources 50 (2): 317–72, https://doi.org/10.3368/jhr.50.2.317.10.3368/jhr.50.2.317Search in Google Scholar

Cantner, U., and S. Kösters. 2012. “Picking the Winner? Empirical Evidence on the Targeting of R&D Subsidies to Start-Ups.” Small Business Economics 39 (4): 921–36, https://doi.org/10.1007/s11187-011-9340-9.10.1007/s11187-011-9340-9Search in Google Scholar

Cerulli, G. 2010. “Modelling and Measuring the Effect of Public Subsidies on Business R&D: A Critical Review of the Econometric Literature.” Economic Record 86 (274): 421–49, https://doi.org/10.1111/j.1475-4932.2009.00615.x.10.1111/j.1475-4932.2009.00615.xSearch in Google Scholar

Chen, J., C. S. Heng, B. C. Y. Tan, and Z. Lin. 2018. “The Distinct Signaling Effects of R&D Subsidy and Non-R&D Subsidy on IPO Performance of IT Entrepreneurial Firms in China.” Research Policy 47 (1): 108–20, https://doi.org/10.1016/j.respol.2017.10.004.10.1016/j.respol.2017.10.004Search in Google Scholar

Clausen, T. H. 2009. “Do Subsidies Have Positive Impacts on R&D and Innovation Activities at the Firm Level?” Structural Change and Economic Dynamics 20 (4): 239–53, https://doi.org/10.1016/j.strueco.2009.09.004.10.1016/j.strueco.2009.09.004Search in Google Scholar

Connelly, B. L., S. T. Certo, R. D. Ireland, and C. R. Reutzel. 2010. “Signaling Theory: A Review and Assessment.” Journal of Management 37 (1): 39–67, https://doi.org/10.1177/0149206310388419.10.1177/0149206310388419Search in Google Scholar

Cull, R., W. Li, B. Sun, and L. C. Xu. 2015. “Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms.” Journal of Corporate Finance 32: 271–94, https://doi.org/10.1016/j.jcorpfin.2014.10.012.10.1596/1813-9450-6352Search in Google Scholar

Czarnitzki, D., and J. Delanote. 2015. “R&D Policies for Young SMEs: Input and Output Effects.” Small Business Economics 45 (3): 465–85, https://doi.org/10.1007/s11187-015-9661-1.10.1007/s11187-015-9661-1Search in Google Scholar

Czarnitzki, D., and G. Licht. 2006. “Additionality of Public R&D Grants in a Transition Economy. The Case of Eastern Germany.” The Economics of Transition 14 (1): 101–31, https://doi.org/10.1111/j.1468-0351.2006.00236.x.10.1111/j.1468-0351.2006.00236.xSearch in Google Scholar

David, P. A., B. H. Hall, and A. A. Toole. 2000. “Is Public R&D a Complement or Substitute for Private R&D? A Review of Econometric Evidence.” Research Policy 29 (4–5): 497–529, https://doi.org/10.1016/S0048-7333(99)00087-6.10.3386/w7373Search in Google Scholar

Di Falco, S., M. Veronesi, and M. Yesuf. 2011. “Does Adaptation to Climate Change Provide Food Security? A Micro-Perspective from Ethiopia.” American Journal of Agricultural Economics 93 (3): 829–46, https://doi.org/10.1093/ajae/aar006.10.1093/ajae/aar006Search in Google Scholar

Dimos, C., and G. Pugh. 2016. “The Effectiveness of R&D Subsidies: A Meta-Regression Analysis of the Evaluation Literature.” Research Policy 45 (4): 797–815, https://doi.org/10.1016/j.respol.2016.01.002.10.1016/j.respol.2016.01.002Search in Google Scholar

Duguet, E. 2004. “Are R&D Subsidies a Substitute or a Complement to Privately Funded R&D?” Revue D’économie Politique 114 (2): 245–74, https://doi.org/10.3917/redp.142.0245.10.3917/redp.142.0245Search in Google Scholar

Giraudo, E., G. Giudici, and L. Grilli. 2019. “Entrepreneurship Policy and the Financing of Young Innovative Companies: Evidence from the Italian Startup Act.” Research Policy 48 (9): 103801, https://doi.org/10.1016/j.respol.2019.05.010.10.1016/j.respol.2019.05.010Search in Google Scholar

González, X., and C. Pazó. 2008. “Do Public Subsidies Stimulate Private R&D Spending?” Research Policy 37 (3): 371–89, https://doi.org/10.1016/j.respol.2007.10.009.10.1016/j.respol.2007.10.009Search in Google Scholar

Howell, S. T. 2017. “Financing Innovation: Evidence from R&D Grants.” American Economic Review 107 (4): 1136–64, https://doi.org/10.1257/aer.20150808.10.1257/aer.20150808Search in Google Scholar

Jugend, D., P. D. C. Fiorini, F. Armellini, and A. G. Ferrari. 2020. “Public Support for Innovation: A Systematic Review of the Literature and Implications for Open Innovation.” Technological Forecasting and Social Change 156, https://doi.org/10.1016/j.techfore.2020.119985. UNSP 119985.10.1016/j.techfore.2020.119985Search in Google Scholar

Kleer, R. 2010. “Government R&D Subsidies as a Signal for Private Investors.” Research Policy 39 (10): 1361–74, https://doi.org/10.1016/j.respol.2010.08.001.10.1016/j.respol.2010.08.001Search in Google Scholar

Klette, T. J., J. Moen, and Z. Griliches. 2000. “Do Subsidies to Commercial R&D Reduce Market Failures? Microeconometric Evaluation Studies.” Research Policy 29 (4–5): 471–95, https://doi.org/10.1016/S0048-7333(99)00086-4.10.1016/S0048-7333(99)00086-4Search in Google Scholar

Lee, L. 1978. “Unionism and Wage Rates: A Simultaneous Equations Model with Qualitative and Limited Dependent Variables.” International Economic Review 19 (2): 415–33, https://doi.org/10.2307/2526310.10.2307/2526310Search in Google Scholar

Lin, J., F. Cai, and Z. Li. 1998. “Competition, Policy Burdens, and State-Owned Enterprise Reform.” American Economic Review 88 (2): 422–7, https://doi.org/10.1016/S0169-5150(97)00051-0.10.1016/S0169-5150(97)00051-0Search in Google Scholar

Liu, E. 2019. “Industrial Policies in Production Networks.” The Quarterly Journal of Economics 134 (4): 1883–948, https://doi.org/10.1093/qje/qjz024.10.1093/qje/qjz024Search in Google Scholar

Lokshin, M., and Z. Sajaia. 2004. “Maximum Likelihood Estimation of Endogenous Switching Regression Models.” Stata Journal 4 (3): 282–9, https://doi.org/10.1177/1536867X0400400306.10.1177/1536867X0400400306Search in Google Scholar

Maddala, G. S. 1983. “Limited-Dependent and Qualitative Variables in Econometrics.” Cambridge England Cambridge University Press 79 (387): 80–1.10.1017/CBO9780511810176Search in Google Scholar

Martin, S., and J. T. Scott. 2000. “The Nature of Innovation Market Failure and the Design of Public Support for Private Innovation.” Research Policy 29 (4): 437–47, https://doi.org/10.1016/S0048-7333(99)00084-0.10.1016/S0048-7333(99)00084-0Search in Google Scholar

Meuleman, M., and W. De Maeseneire. 2012. “Do R&D Subsidies Affect SMEs’ Access to External Financing?” Research Policy 41 (3): 580–91, https://doi.org/10.1016/j.respol.2012.01.001.10.1016/j.respol.2012.01.001Search in Google Scholar

Park, S. H., and Y. Luo. 2001. “Guanxi and Organizational Dynamics: Organizational Networking in Chinese Firms.” Strategic Management Journal 22 (5): 455–77, https://doi.org/10.1002/smj.167.10.1002/smj.167Search in Google Scholar

Peng, M. W., and Y. Luo. 2000. “Managerial Ties and Firm Performance in a Transition Economy: The Nature of a Micro-Macro Link.” Academy of Management Journal 43 (3): 486–501, https://doi.org/10.2307/1556406.10.5465/1556406Search in Google Scholar

Plank, J., and C. Doblinger. 2018. “The Firm-Level Innovation Impact of Public R&D Funding: Evidence from the German Renewable Energy Sector.” Energy Policy 113: 430–8, https://doi.org/10.1016/j.enpol.2017.11.031.10.1016/j.enpol.2017.11.031Search in Google Scholar

Prud Homme, D. 2016. “Dynamics of China’s Provincial-Level Specialization in Strategic Emerging Industries.” Research Policy 45 (8): 1586–603, https://doi.org/10.1016/j.respol.2016.03.022.10.1016/j.respol.2016.03.022Search in Google Scholar

Sanders, W. G., and S. Boivie. 2004. “Sorting Things Out: Valuation of New Firms in Uncertain Markets.” Strategic Management Journal 25 (2): 167–86, https://doi.org/10.1002/smj.370.10.1002/smj.370Search in Google Scholar

Shao, M., and Q. Bao. 2012. “Government Subsidies and Firm’s Productivity: An Empirical Study Based on Chinese Industrial Plants.” China Industrial Economics 7: 70–82, https://doi.org/10.19581/j.cnki.ciejournal.2012.07.006.Search in Google Scholar

Spence, M. 1973. “Job Market Signaling.” The Quarterly Journal of Economics 87 (3): 355–74, https://doi.org/10.2307/1882010.10.2307/1882010Search in Google Scholar

Takalo, T., and T. Tanayama. 2010. “Adverse Selection and Financing of Innovation: Is there a Need for R&D Subsidies?.” The Journal of Technology Transfer 35 (1): 16–41, https://doi.org/10.1007/s10961-009-9112-8.10.1007/s10961-009-9112-8Search in Google Scholar

Takalo, T., T. Tanayama, and O. Toivanen. 2013. “Estimating the Benefits of Targeted R&D Subsidies.” Review of Economics and Statistics 95 (1): 255–72, https://doi.org/10.1162/REST_a_00280.10.1162/REST_a_00280Search in Google Scholar

Wu, A. 2017. “The Signal Effect of Government R&D Subsidies in China: Does Ownership Matter?.” Technological Forecasting and Social Change 117: 339–45, https://doi.org/10.1016/j.techfore.2016.08.033.10.1016/j.techfore.2016.08.033Search in Google Scholar

Zhao, B., and R. Ziedonis. 2020. “State Governments as Financiers of Technology Startups: Evidence from Michigan’s R&D Loan Program.” Research Policy 49, https://doi.org/10.1016/j.respol.2020.103926. UNSP 1039264.10.1016/j.respol.2020.103926Search in Google Scholar

Zucker, L. G. 1987. “Institutional Theories of Organization.” Annual Review of Sociology 13 (13): 443–64, https://doi.org/10.1146/annurev.so.13.080187.002303.10.1146/annurev.so.13.080187.002303Search in Google Scholar

Zúñiga-Vicente, J. Á, C. Alonso-Borrego, F. J. Forcadell, and J. I. Galán. 2014. “Assessing the Effect of Public Subsidies On Firm R&D Investment: A Survey.” Journal of Economic Surveys 28 (1): 36–67, https://doi.org/10.1111/j.1467-6419.2012.00738.x.10.1111/j.1467-6419.2012.00738.xSearch in Google Scholar