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The Impact of Public R&D Funding on Open Innovation

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  • Pekka SALMI

    ()
    (Lappeenranta University of Technology, Finland)

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    Abstract

    While the effects of public R&D funding on innovation inputs, outputs and strategies of firms have been studied extensively, little is known about the impact public R&D funding may have on open innovation practices. We made several hypotheses about different effects of public subsidies from the open innovation point of view and then tested these hypotheses with data that comes from a survey on innovation practices in China, Finland and Spain. More specifically, the prevalence of open innovation in a country was hypothesized to be related to the level of public R&D funding. The results show that Chinese firms make external technology/IP acquisitions more often, as well as engage more frequently in selling of intellectual assets, than their Spanish (and Finnish) counterparts. The results also show that Chinese firms are less likely to make new collaboration agreements after participating in publicly funded R&D projects. The findings therefore generally support the idea that a lower level of available public R&D funding facilitates the adoption of open innovation practices in firms.

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    Bibliographic Info

    Article provided by Faculty of Management, Academy of Economic Studies, Bucharest, Romania in its journal ECONOMIA seria MANAGEMENT / ECONOMY - MANAGEMENT series.

    Volume (Year): 15 (2012)
    Issue (Month): 1 (June)
    Pages: 142-163

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    Handle: RePEc:rom:econmn:v:15:y:2012:i:1:p:142-163

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    Related research

    Keywords: intellectual assets; open innovation; public subsidies; R&D collaboration.;

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Teece, David J., 1986. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," Research Policy, Elsevier, vol. 15(6), pages 285-305, December.
    2. Aerts, Kris & Schmidt, Tobias, 2006. "Two for the price of one? On additionality effects of R&D subsidies: A comparison between Flanders and Germany," ZEW Discussion Papers 06-63, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    3. Ashish Arora & Andrea Fosfuri & Alfonso Gambardella, 2004. "Markets for Technology: The Economics of Innovation and Corporate Strategy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262511819, January.
    4. Giovanni Cerulli, 2010. "Modelling and Measuring the Effect of Public Subsidies on Business R&D: A Critical Review of the Econometric Literature," The Economic Record, The Economic Society of Australia, vol. 86(274), pages 421-449, 09.
    5. Branstetter, Lee & Sakakibara, Mariko, 1998. "Japanese Research Consortia: A Microeconometric Analysis of Industrial Policy," Journal of Industrial Economics, Wiley Blackwell, vol. 46(2), pages 207-33, June.
    6. Laursen, Keld & Salter, Ammon, 2004. "Searching high and low: what types of firms use universities as a source of innovation?," Research Policy, Elsevier, vol. 33(8), pages 1201-1215, October.
    7. Becker, Wolfgang & Dietz, Jurgen, 2004. "R&D cooperation and innovation activities of firms--evidence for the German manufacturing industry," Research Policy, Elsevier, vol. 33(2), pages 209-223, March.
    8. Fontana, Roberto & Geuna, Aldo & Matt, Mireille, 2006. "Factors affecting university-industry R&D projects: The importance of searching, screening and signalling," Research Policy, Elsevier, vol. 35(2), pages 309-323, March.
    9. Veugelers, Reinhilde & Cassiman, Bruno, 1999. "Make and buy in innovation strategies: evidence from Belgian manufacturing firms," Research Policy, Elsevier, vol. 28(1), pages 63-80, January.
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