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Technological impact of R&D grants on utility models
Author(s) -
TorresBarreto Martha L.,
MendezDuron Rebeca,
HernandezPerlines Felipe
Publication year - 2016
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/radm.12198
Subject(s) - absorptive capacity , industrial organization , business , measure (data warehouse) , economics , knowledge management , microeconomics , computer science , database
We evaluate the impact of public grants on the technological output of Spanish manufacturing companies using the utility models as a measure and compare them with patents. We postulate that capabilities of the firm play a decisive moderating role in the relationship between grants and utility models. Results suggest that a firm's capability to constantly maintain an updated knowledge base has a positive influence on the abovementioned relationship. Also, firm's capabilities of planning innovation, and cooperating with partners, and its absorptive capacity are crucial in the creation of both utility models and patents.