This paper examines the value of collecting archival data to evaluate the Advanced Technology Program's (ATP) impact on participants' short- and long-term business success. We use two types of indicators of business success: patenting activity which can be tracked for all participants, and financial market data which is extensive for public firms but limited for start-up and other private firms to receipt of venture capital, membership in joint ventures and strategic alliances, and going public in issuing stock. We compare effects of program design differences, primarily joint venture versus single participant projects, on changes in the rate of patenting before and after participation in ATP. The discussion of patent archives serves to document data for later analyses; discussion of other data sources is intended both to guide other researchers and to inform administrative decisions about collecting similar archival data as part of routine assessment activity. We find that patenting rates generally increase after ATP participation under a number of different program and participant variations. Joint venture participants consistently show increases in patenting after beginning ATP participation, while results vary with definitions for single participants. We also demonstrate that it is possible to identify the timing and amounts of receipt of venture capital by private firms participating in ATP.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
9780.
Length: Date of creation: Jun 2003 Date of revision: Handle: RePEc:nbr:nberwo:9780
Note: PR Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A. Phone: 617-868-3900 Email: Web page: http://www.nber.org More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: ().
Related research
Keywords:
Other versions of this item:
Find related papers by JEL classification: O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy
This item is featured on the following reading lists:
References listed on IDEAS 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.: