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Titel
Does easy start-up formation hamper incumbents R&D investment? / L. Colombo, H. Dawid, M. Piva, M. Vivarelli
VerfasserColombo, Luca ; Dawid, Herbert ; Piva, Mariacristina ; Vivarelli, Marco
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, March 2013
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Elektronische Ressource
Umfang1 Online-Ressource (16 Seiten)
SerieWorking papers in economics and management ; No. 08-2013
SchlagwörterItalien / Unternehmen / Forschung und Entwicklung / Finanzierung / Innovation / Geschichte 1998-2000
URNurn:nbn:de:hbz:6:2-127804 
DOI10.4119/unibi/2624335 
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Does easy start-up formation hamper incumbents R&D investment? [0.3 mb]
Zusammenfassung

This paper investigates, both theoretically and empirically, the implications that complementary assets needed for the formation of start-ups - proxied by the ease of access to financial resources - have on the innovative efforts of incumbent firms. In particular, we develop a theoretical model, highlighting a strategic in- centive effect by which the innovative efforts of incumbent firms are decreasing in the availability of the complementary assets needed for the creation of a start- up. The empirical relevance of this effect is investigated by using firm level data drawn from the third Italian Community Innovation Survey covering the period 1998-2000. The results of our empirical analysis support our theory-based insights.

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