IDEAS home Printed from https://ideas.repec.org/a/vrs/reoecp/v14y2015i4p345-371n3.html
   My bibliography  Save this article

Governmental Research Support Programs and Private Entities in Slovakia

Author

Listed:
  • Maliková Zuzana

    (Aupark Shopping Center Košice, Nám. Osloboditeľov 1, 040 01 Košice, Slovakia, malikova.zuzana@gmail.com)

  • Kubák Matúš

    (Technical University of Košice, Faculty of Economics, Němcovej 32, 040 01 Košice, Slovakia, matuskubak@gmail.com.)

  • Bačík Radovan

    (University of Prešov in Prešov, Faculty of Management, Konštantínova 16, 080 01 Prešov, Slovakia, radovan.bacik@unipo.sk.)

  • Fišar Miloš

    (Masaryk University, Faculty of Economics and Administration, Lipová 41a, 602 00 Brno, Czech republic, milos.fisar@econ.muni.cz.)

Abstract

The paper analyses public subsidies aimed to enhance development and innovation in the Slovakian private sector. The paper reviews theoretical approaches of the necessity of public support to research and development activities in order to increase private investment in research and development. An overview of research and development support tools in Slovakia is presented. The analytical part of the work is oriented on a comparative analysis of two granting agencies in Slovakia [Agency for Research and Development (ARD) and Agency of Operational Program Research and Development (OPRD)]. Special attention is given to direct public financial support. Logit analysis showed a relationship between success of grant applicants and their characteristics. We find that the following have impact on success of the application: Age of the company, amount of the grant required, legal form of the company, and the agency to which the application for grant was submitted. Applicants with legal form Ltd. (limited liability company) have a higher chance of receiving grant than other legal forms. The highest chance of success has a request for a grant of up to 500.000 €. According to the results of our analysis, the chance to obtain a grant decreases with each passing year.

Suggested Citation

  • Maliková Zuzana & Kubák Matúš & Bačík Radovan & Fišar Miloš, 2015. "Governmental Research Support Programs and Private Entities in Slovakia," Review of Economic Perspectives, De Gruyter Open, vol. 14(4), pages 345-371, January.
  • Handle: RePEc:vrs:reoecp:v:14:y:2015:i:4:p:345-371:n:3
    as

    Download full text from publisher

    File URL: https://www.degruyter.com/view/j/revecp.2014.14.issue-4/revecp-2015-0004/revecp-2015-0004.xml?format=INT
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:reoecp:v:14:y:2015:i:4:p:345-371:n:3. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla). General contact details of provider: http://www.degruyteropen.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.