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The Impact of Subsidizing early Young Innovative Companies on their Access to Capital Market

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  • Anna Malessan

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  • Anna Malessan, 2025. "The Impact of Subsidizing early Young Innovative Companies on their Access to Capital Market," TEPP Working Paper 2025-07, TEPP.
    • Handle: RePEc:tep:teppwp:wp25-07
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    1. John Haltiwanger & Ron S. Jarmin & Robert Kulick & Javier Miranda, 2016. "High Growth Young Firms: Contribution to Job, Output, and Productivity Growth," NBER Chapters, in: Measuring Entrepreneurial Businesses: Current Knowledge and Challenges, pages 11-62, National Bureau of Economic Research, Inc.
    2. Chiappini, Raphaël & Montmartin, Benjamin & Pommet, Sophie & Demaria, Samira, 2022. "Can direct innovation subsidies relax SMEs’ financial constraints?," Research Policy, Elsevier, vol. 51(5).
    3. Acemoglu, Daron & Cao, Dan, 2015. "Innovation by entrants and incumbents," Journal of Economic Theory, Elsevier, vol. 157(C), pages 255-294.
    4. Andrea Bellucci & Luca Pennacchio & Alberto Zazzaro, 2019. "Public R&D subsidies: collaborative versus individual place-based programs for SMEs," Small Business Economics, Springer, vol. 52(1), pages 213-240, January.
    5. Samuel E. Bodily, 2016. "Reducing Risk and Improving Incentives in Funding Entrepreneurs," Decision Analysis, INFORMS, vol. 13(2), pages 101-116, June.
    6. Söderblom, Anna & Samuelsson, Mikael & Wiklund, Johan & Sandberg, Rickard, 2015. "Inside the black box of outcome additionality: Effects of early-stage government subsidies on resource accumulation and new venture performance," Research Policy, Elsevier, vol. 44(8), pages 1501-1512.
    7. James R. Brown & Steven M. Fazzari & Bruce C. Petersen, 2009. "Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom," Journal of Finance, American Finance Association, vol. 64(1), pages 151-185, February.
    8. Edoardo Ferrucci & Roberto Guida & Valentina Meliciani, 2021. "Financial constraints and the growth and survival of innovative start‐ups: An analysis of Italian firms," European Financial Management, European Financial Management Association, vol. 27(2), pages 364-386, March.
    9. A. Bozio & Delphine Irac & Lauriane Py, 2014. "Impact of research tax credit on R&D and innovation: evidence from the 2008 French reform," Working papers 532, Banque de France.
    10. Elhanan Helpman & Marc Melitz & Yona Rubinstein, 2008. "Estimating Trade Flows: Trading Partners and Trading Volumes," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(2), pages 441-487.
    11. Josh Lerner, 2010. "The future of public efforts to boost entrepreneurship and venture capital," Small Business Economics, Springer, vol. 35(3), pages 255-264, October.
    12. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    13. Goodman-Bacon, Andrew, 2021. "Difference-in-differences with variation in treatment timing," Journal of Econometrics, Elsevier, vol. 225(2), pages 254-277.
    14. Smith, Daniel, 2020. "The Effects of Federal Research and Development Subsidies on Firm Commercialization Behavior," Research Policy, Elsevier, vol. 49(7).
    15. Bronwyn H. Hall & Nathan Rosenberg (ed.), 2010. "Handbook of the Economics of Innovation," Handbook of the Economics of Innovation, Elsevier, edition 1, volume 1, number 1.
    16. Hottenrott, Hanna & Richstein, Robert, 2020. "Start-up subsidies: Does the policy instrument matter?," Research Policy, Elsevier, vol. 49(1).
    17. Antonio Accetturo, 2022. "Subsidies for innovative start-ups and firm entry [The effects of entry on incumbent innovation and productivity]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(5), pages 1202-1222.
    18. Mas-Tur, Alicia & Simón Moya, Virginia, 2015. "Young innovative companies (YICs) and entrepreneurship policy," Journal of Business Research, Elsevier, vol. 68(7), pages 1432-1435.
    19. Axel Buchner & Susanne Espenlaub & Arif Khurshed & Abdulkadir Mohamed, 2024. "Private Debt and the Role of Venture Capital and Private Equity Sponsors," Management Science, INFORMS, vol. 70(1), pages 372-395, January.
    20. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    21. Cédric Schneider & Reinhilde Veugelers, 2010. "On young highly innovative companies: why they matter and how (not) to policy support them," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(4), pages 969-1007, August.
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