Does Easy Start-Up Formation Hamper Incumbents R&D Investment?

Colombo L, Dawid H, Piva M, Vivarelli M (Accepted)
Small Business Economics.

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Journal Article | Accepted | English
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Abstract
This paper investigates the implications that complementary assets needed for the formation of start-ups have on the innovative efforts of incumbent fi rms. In particular, we highlight a strategic incentive effect by which the innovative efforts of incumbents are decreasing in the availability of the complementary assets needed for the creation of a start-up. Furthermore, we argue that the R&D investments of incumbents are positively related to the presence of policy support to innovation, and to the fi rm's endowment of human capital. The empirical relevance of our theoretical hypotheses is investigated - and supported - by using fi rm level data.
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Colombo L, Dawid H, Piva M, Vivarelli M. Does Easy Start-Up Formation Hamper Incumbents R&D Investment? Small Business Economics. Accepted.
Colombo, L., Dawid, H., Piva, M., & Vivarelli, M. (Accepted). Does Easy Start-Up Formation Hamper Incumbents R&D Investment? Small Business Economics
Colombo, L., Dawid, H., Piva, M., and Vivarelli, M. (Accepted). Does Easy Start-Up Formation Hamper Incumbents R&D Investment? Small Business Economics.
Colombo, L., et al., Accepted. Does Easy Start-Up Formation Hamper Incumbents R&D Investment? Small Business Economics.
L. Colombo, et al., “Does Easy Start-Up Formation Hamper Incumbents R&D Investment?”, Small Business Economics, Accepted.
Colombo, L., Dawid, H., Piva, M., Vivarelli, M.: Does Easy Start-Up Formation Hamper Incumbents R&D Investment? Small Business Economics. (Accepted).
Colombo, Luca, Dawid, Herbert, Piva, M., and Vivarelli, M. “Does Easy Start-Up Formation Hamper Incumbents R&D Investment?”. Small Business Economics (Accepted).
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