6533b86dfe1ef96bd12ca164

RESEARCH PRODUCT

Subsidizing technology: how to succeed

Domingo Ribeiro-sorianoMarta Peris-ortiz

subject

MarketingGovernmentVariablesPublic economicsmedia_common.quotation_subjectSubsidies for technological developmentSubsidyPath dependence-success relationshipVariable lengthState (polity)Path dependenceEconomicsORGANIZACION DE EMPRESASMarketingmedia_commonPath dependenceSmall and medium-sized enterprises

description

Examining the database of applications to the Regional Government of Valencia's Institute for Small and Medium-sized Industries (Spain) for subsidies to aid technological development in small and medium-sized enterprises, this study seeks to explain the approval or rejection and the success or failure of projects that look to receive state funding. The independent variables in the database are particularly concerned with reliance on path dependence. The variable length of membership of the Institute, the number of previous applications, technology level, or belonging to a particular geographical area relate to the accumulation of experience and correspond to the study hypotheses. The study highlights the importance of accumulated experience and firm path dependence for application approval and success of funded projects. © 2011 Elsevier Inc.

yearjournalcountryeditionlanguage
2011-11-01
10.1016/j.jbusres.2011.06.027https://dx.doi.org/10.1016/j.jbusres.2011.06.027