Does Easy Start-Up Formation Hamper Incumbents R&D Investment? A Theoretical and Empirical Analysis

Colombo L, Dawid H, Piva M, Vivarelli M (2013) Bielefeld Working Papers in Economics and Management, 8.

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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 incentive 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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Colombo L, Dawid H, Piva M, Vivarelli M. Does Easy Start-Up Formation Hamper Incumbents R&D Investment? A Theoretical and Empirical Analysis. Bielefeld Working Papers in Economics and Management, 8.; 2013.
Colombo, L., Dawid, H., Piva, M., & Vivarelli, M. (2013). Does Easy Start-Up Formation Hamper Incumbents R&D Investment? A Theoretical and Empirical Analysis (Bielefeld Working Papers in Economics and Management, 8).
Colombo, L., Dawid, H., Piva, M., and Vivarelli, M. (2013). Does Easy Start-Up Formation Hamper Incumbents R&D Investment? A Theoretical and Empirical Analysis. Bielefeld Working Papers in Economics and Management, 8,.
Colombo, L., et al., 2013. Does Easy Start-Up Formation Hamper Incumbents R&D Investment? A Theoretical and Empirical Analysis, Bielefeld Working Papers in Economics and Management, 8,
L. Colombo, et al., Does Easy Start-Up Formation Hamper Incumbents R&D Investment? A Theoretical and Empirical Analysis, Bielefeld Working Papers in Economics and Management, 8, 2013.
Colombo, L., Dawid, H., Piva, M., Vivarelli, M.: Does Easy Start-Up Formation Hamper Incumbents R&D Investment? A Theoretical and Empirical Analysis. Bielefeld Working Papers in Economics and Management, 8. (2013).
Colombo, Luca, Dawid, Herbert, Piva, M., and Vivarelli, M. Does Easy Start-Up Formation Hamper Incumbents R&D Investment? A Theoretical and Empirical Analysis. 2013. Bielefeld Working Papers in Economics and Management, 8.
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