Partnerships to foster the translational processes from public research organizations such as universities and hospitals to private firms are a policy tool that has attracted increased interest. Yet questions about the efficacy and the efficiency with which funds are used are subject to frequent debate. This paper examines empirical data from the Danish National Advanced Technology Foundation DNATF an agency that funds partnerships between universities and private companies to develop technologies important to Danish industry.
We assess the effect of a unique mediated funding scheme that combines project grants with active facilitation and conflict management on firm performance comparing the likelihood of bankruptcy and Chinese Overseas America Number Data employee count patent count and publication count as well as their citations and the collaborative nature between funded and unfunded firms. Because randomization of the sample was not feasible we address endogeneity around selection bias using a sample of qualitatively similar firms based on a funding decision score. This allows us to observe the local effect of samples in which we drop the best recipients and the worst non recipients. the grant does bring an injection of funding that alleviates financing constraints its core effect on the firm s innovative behavior is in fostering collaborations and translations between science and technology and encouraging riskier projects rather than purely increasing patenting.
Download working paper ssrn abstract The State of Small Business Lending Credit Access During the Recovery and How Technology May Change the Game By Mills Karen and Brayden McCarthy ABSTRACT—Small businesses are core to America s economic competitiveness. Not only do they employ half of the nation s private sector workforce about million people but also since they have created approximately two thirds of the net new jobs in our country. Yet in recent years small businesses have been slow to recover from a recession and credit crisis that hit them especially hard.
發表於 2024-3-12 16:07:34
