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The effectiveness of R&D subsidies in fostering firm innovation: The role of knowledge-sourcing activities

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The effectiveness of R&D subsidies in fostering firm innovation: The role of knowledge-sourcing activities

dc.contributor.author	Afcha Chávez, Sergio
dc.contributor.author	Lucena, Abel
dc.date.accessioned	2023-10-03T06:56:37Z
dc.date.available	2023-10-04T04:45:07Z
dc.date.issued	2021	es_ES
dc.identifier.citation	Afcha, S., & Lucena, A. (2021). The effectiveness of R&D subsidies in fostering firm innovation: The role of knowledge-sourcing activities. Business Research Quarterly, 24(4), 302–323. https://doi.org/10.1177/2340944420933629	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/89999
dc.description.abstract	This article presents a novel conceptual framework that uses the notion of knowledge sourcing to explain how firms realize benefits from R&D subsidies in terms of innovations. The study considers two dimensions of the firm’s knowledge sourcing: its R&D effort and level of openness to technology markets. This article proposes that the policy-induced effects of R&D subsidies on the knowledge-sourcing process increase firms’ innovation outcomes, thus making this policy intervention effective in promoting innovation. By using panel data from Spanish manufacturing firms, this article presents evidence consistent with the hypothesis that by changing the knowledge sourcing of firms, National R&D subsidy programs in Spain also favor more firm innovation, measured by patent applications and new product launches. It is also documented that the granting of R&D subsidies does not affect firm innovation directly but rather through inducing changes in the firm’s R&D effort and openness to technology markets.	es_ES
dc.language.iso	en	es_ES
dc.publisher	Sage	es_ES
dc.subject	markets for technology	es_ES
dc.subject	openness to knowledge sourcing	es_ES
dc.subject	R&D effort	es_ES
dc.subject	R&D policy evaluation	es_ES
dc.subject	R&D subsidies	es_ES
dc.title	The effectiveness of R&D subsidies in fostering firm innovation: The role of knowledge-sourcing activities	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.1177/2340944420933629	es_ES
dc.accrualmethod	S	es_ES
dc.embargo.terms	0 days	es_ES
dc.type.hasVersion	VoR	es_ES
dc.rights.accessRights	open access	es_ES