Public Funding of R&D and its Effect on the Composition of Business R&D Expenditure  * | Zendy

Afcha Sergio | Zendy; López Guillén León | Zendy

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Public Funding of R&D and its Effect on the Composition of Business R&D Expenditure *

Author(s) -

Afcha Sergio,

López Guillén León

Publication year - 2014

Publication title -

business research quarterly

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.995

H-Index - 26

eISSN - 2340-9444

pISSN - 2340-9436

DOI - 10.1016/j.cede.2013.01.001

Subject(s) - subsidy , capital expenditure , business , public expenditure , economics , public economics , composition (language) , finance , public finance , linguistics , philosophy , market economy , macroeconomics

This paper discusses the potential effects of R&D public subsidies on a strategic issue for companies, the decision to combine internal and external R&D expenditure. Analyzing some arguments discussed in the management literature, it is assessed whether public intervention by granting R&D subsidies influences the composition of R&D expenditure. To do this, we analyze the data from the Survey on Business Strategies for the period 1991–2008. Results confirm that the public funding of R&D expenditure through subsidies have a positive impact on internal R&D and especially in the decision to conduct R&D internally and externally simultaneously.

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