Publicly funded pre-start support for new firms: who demands it and how it affects their employment growth
Fecha
2011Versión
Acceso abierto / Sarbide irekia
Tipo
Artículo / Artikulua
Versión
Versión aceptada / Onetsi den bertsioa
Impacto
|
10.1068/c10110b
Resumen
This paper examines pre-start determinants of the demand for publicly funded
external support to new ventures. It also investigates the effects of different types of such
support on subsequent firm growth. Adopting resource-based and information asymmetry
approaches, the paper argues that the entrepreneurs who ask for publicly funded pre-start
support are more likely to face information asymm ...
[++]
This paper examines pre-start determinants of the demand for publicly funded
external support to new ventures. It also investigates the effects of different types of such
support on subsequent firm growth. Adopting resource-based and information asymmetry
approaches, the paper argues that the entrepreneurs who ask for publicly funded pre-start
support are more likely to face information asymmetries with regard to resource providers,
which in turn depend on their level of human and social capital. It also suggests that
intangible support oriented towards knowledge generation would be the most beneficial. A
series of two-stage treatment effects models applied to a representative sample of new firms
in Navarra (Spain) offer considerable support to our predictions. Implications for research and
policy are discussed. [--]
Materias
New firms,
Public support,
Growth
Editor
SAGE
Publicado en
Environment and Planning C: Goverment and Policy, October 2011, vol. 29, no. 5, 821-847
Departamento
Universidad Pública de Navarra. Departamento de Gestión de Empresas /
Nafarroako Unibertsitate Publikoa. Enpresen Kudeaketa Saila
Versión del editor
Entidades Financiadoras
The authors wish to acknowledge the financial
support received to conduct this research from the Government of Navarra under project PA03018. Support from
the Spanish Ministry of Science and Technology is also acknowledged (Projects ECO2010-21242-C03-01,
ECO2010-21242-C03-03 and ECO2010-21393-C04-03).