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Assessing the effectiveness of the Eureka Program

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  • Bayona-Sáez, Cristina
  • García-Marco, Teresa

Abstract

The aim of this paper is to test whether participation in a European public initiative to support market-oriented R&D, such as the Eureka Program, has a positive impact on the performance of participating firms and, if so, how long it is before the impact becomes apparent. These issues are explored using a dynamic panel data model covering the period 1994-2003, for a sample of 866 European firms, 284 of which completed a Eureka project during the period of analysis. The results show how the completion of a Eureka project has a positive influence over firm performance measured as return over assets (ROA), although the effect does not manifest itself until a year after project completion. Nevertheless, when the sample is divided by sector, it is obtained that, while manufacturing firms follow the general pattern of a positive effect appearing a year after project completion, the effect in non-manufacturing firms is already apparent during the year of completion.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 39 (2010)
Issue (Month): 10 (December)
Pages: 1375-1386

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Handle: RePEc:eee:respol:v:39:y:2010:i:10:p:1375-1386

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Web page: http://www.elsevier.com/locate/respol

Related research

Keywords: Eureka Program Performance Innovation;

References

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Citations

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Cited by:
  1. Russell Thomson & Elizabeth Webster, 2011. "The Design of R&D Support Schemes for Industry," Melbourne Institute Working Paper Series wp2011n24, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
  2. Cruz-Cázares, Claudio & Bayona-Sáez, Cristina & García-Marco, Teresa, 2013. "You can’t manage right what you can’t measure well: Technological innovation efficiency," Research Policy, Elsevier, vol. 42(6), pages 1239-1250.
  3. Kaiser, Ulrich & Kuhn, Johan Moritz, 2011. "Long-Run Effects of Public-Private Research Joint Ventures: The Case of the Danish Innovation Consortia Support Scheme," IZA Discussion Papers 5986, Institute for the Study of Labor (IZA).
  4. Correa, Paulo & Andres, Luis & Borja-Vega, Christian, 2013. "The impact of government support on firm R&D investments : a meta-analysis," Policy Research Working Paper Series 6532, The World Bank.

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