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Application and success of R&D subsidies: what is the role of firm age?

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  • Agustí Segarra-Blasco
  • Mercedes Teruel

Abstract

This article evaluates the propensity of firms to apply for R&D public grants, their capacity for obtaining subsides and how these relate to the firm age. This analysis is particularly relevant in understanding why young firms may be more or less successful in their application for public subsidies. Using data from an extensive database of 19,236 firms in Catalonia, we estimate a maximum likelihood probit model with sample selection. Our results show that firm age does not exert a significant direct impact on the application propensity in R&D public call, but younger firms tend to show a larger propensity to receive an R&D subsidy. They also show that firm age exerts a moderating role through different internal resources. They highlight the need to design R&D public policies that explicitly favour applications by young firms to help overcome their obstacles to innovation.

Suggested Citation

  • Agustí Segarra-Blasco & Mercedes Teruel, 2016. "Application and success of R&D subsidies: what is the role of firm age?," Industry and Innovation, Taylor & Francis Journals, vol. 23(8), pages 713-733, November.
    • Handle: RePEc:taf:indinn:v:23:y:2016:i:8:p:713-733
    DOI: 10.1080/13662716.2016.1201649
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    Cited by:

    1. Stjepan Srhoj & Bruno Škrinjarić & Sonja Radas, 2021. "Bidding against the odds? The impact evaluation of grants for young micro and small firms during the recession," Small Business Economics, Springer, vol. 56(1), pages 83-103, January.
    2. Lee, Jeongwon & Hwang, Junseok & Kim, Hana, 2022. "Different government support effects on emerging and mature ICT sectors," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    3. Chapman, Gary & Hottenrott, Hanna, 2023. "Founder personality and start-up subsidies," ZEW Discussion Papers 23-008, ZEW - Leibniz Centre for European Economic Research.
    4. Jiang, Zihao & Shi, Jiarong, 2023. "Government intervention and technological innovation in the wind power industry in China: The role of industrial environmental turbulence," Applied Energy, Elsevier, vol. 344(C).
    5. Francesco Aiello & Paola Cardamone & Lidia Mannarino & Valeria Pupo, 2021. "Does external R&D matter for family firm innovation? Evidence from the Italian manufacturing industry," Small Business Economics, Springer, vol. 57(4), pages 1915-1930, December.
    6. Yexin Liu & Weiwei Wu & Ruixiang Han, 2021. "Technology-Independent Directors and Innovative Knowledge Assets: A Contingency Perspective," Sustainability, MDPI, vol. 13(16), pages 1-17, August.

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