TY  - GEN
AB  - This paper investigates, both theoretically and empirically, the implications
that complementary assets needed for the formation of start-ups - proxied by the
ease of access to financial resources - have on the innovative efforts of incumbent
firms. In particular, we develop a theoretical model, highlighting a strategic in-
centive effect by which the innovative efforts of incumbent firms are decreasing
in the availability of the complementary assets needed for the creation of a start-
up. The empirical relevance of this effect is investigated by using firm level data
drawn from the third Italian Community Innovation Survey covering the period
1998-2000. The results of our empirical analysis support our theory-based insights.
DA  - 2013
DO  - 10.4119/unibi/2624335
KW  - R&D
KW  - Innovation
KW  - Start-up
KW  - Complementary Assets
LA  - eng
PY  - 2013
SN  - 2196-2723
SP  - 20-
TI  - Does Easy Start-Up Formation Hamper Incumbents R&D Investment?
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-26243353
Y2  - 2024-11-22T04:18:50
ER  -