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Evaluation criteria versus firm characteristics as determinants of public R&D funding

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  • Martin Thomas Falk
  • Roger Svensson

Abstract

This study provides new empirical evidence regarding the relevance of evaluation criteria and firm characteristics for public R&D funding decisions. The database used contains both accepted and rejected R&D project proposals, project evaluation scores, and several firm characteristics. The probit estimations show that proposals with high scores on innovative content, spillover, and knowledge gain are significantly more likely to be approved and that most firm-level characteristics are not significant, except for firm size. For example, good or very good assessments of innovative content raise the acceptance probability by between 18 and 37 percentage points, respectively. Small firms are more likely to receive a grant.

Suggested Citation

  • Martin Thomas Falk & Roger Svensson, 0. "Evaluation criteria versus firm characteristics as determinants of public R&D funding," Science and Public Policy, Oxford University Press, vol. 47(4), pages 525-535.
    • Handle: RePEc:oup:scippl:v:47:y::i:4:p:525-535.
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    File URL: http://hdl.handle.net/10.1093/scipol/scaa032
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    References listed on IDEAS

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    More about this item

    Keywords

    government R&D-funding; business sector; evaluation criteria; firm characteristics; probit estimations; H25; O32; O38;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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