skip to content
When Does Funding Research by Smaller Firms Bear Fruit? : Evidence from the SBIR Program Preview this item
ClosePreview this item
Checking...

When Does Funding Research by Smaller Firms Bear Fruit? : Evidence from the SBIR Program

Author: Joshua S Gans; Scott Stern
Publisher: Cambridge, Mass. National Bureau of Economic Research 2000.
Series: Working paper series (National Bureau of Economic Research), no. w7877.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This paper evaluates whether the relative concentration of funding for small, research-oriented firms in a small number of high-tech industries is related to the differences across industries in the level of appropriability or capital constraints facing small firms. To do so, we exploit a novel test based on the relationship between industry-level private venture financing and the performance of  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Joshua S Gans; Scott Stern
OCLC Number: 1027333844
Notes: September 2000.
Description: 1 online resource.
Details: Mode of access: World Wide Web.
Series Title: Working paper series (National Bureau of Economic Research), no. w7877.
Responsibility: Joshua S. Gans, Scott Stern.

Abstract:

This paper evaluates whether the relative concentration of funding for small, research-oriented firms in a small number of high-tech industries is related to the differences across industries in the level of appropriability or capital constraints facing small firms. To do so, we exploit a novel test based on the relationship between industry-level private venture financing and the performance of government-subsidized R&D projects in those sectors. If the government funds projects on the margin (as it should under an optimal subsidy regime) and industries only differ in terms of the level of appropriability, then private funding and subsidized project performance are positively correlated. Conversely, if industries only differ in terms of the level of capital constraints, this correlation is negative. Our principal empirical result is that project-level performance is highest for those technologies that are in industrial segments that attract high rates of venture capital investment. This result suggests that industrial sectors differ in the degree of appropriability for research-oriented small businesses and that variation in the appropriability regime helps explain the concentrated nature of venture capital activity in the economy.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1027333844> # When Does Funding Research by Smaller Firms Bear Fruit? Evidence from the SBIR Program
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
    library:oclcnum "1027333844" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/144777209#Place/cambridge_mass> ; # Cambridge, Mass.
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/venture_capital_united_states> ; # Venture capital--United States
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/technological_innovations_economic_aspects_united_states> ; # Technological innovations--Economic aspects--United States
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/o31_innovation_and_invention_processes_and_incentives> ; # O31 - Innovation and Invention: Processes and Incentives
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Place/401_k_plans> ; # 401(k) plans.
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/g24_investment_banking_venture_capital_brokerage_ratings_and_ratings_agencies> ; # G24 - Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/small_business_finance> ; # Small business--Finance
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/research_industrial_united_states_finance> ; # Research, Industrial--United States--Finance
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/research_industrial_finance> ; # Research, Industrial--Finance
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/small_business_government_policy_united_states> ; # Small business--Government policy--United States
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/small_business_government_policy> ; # Small business--Government policy
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/market_segmentation> ; # Market segmentation
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/high_technology_industries_finance> ; # High technology industries--Finance
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Place/united_states> ; # United States.
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/technological_innovations_economic_aspects> ; # Technological innovations--Economic aspects
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/small_business_united_states_finance> ; # Small business--United States--Finance
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/market_segmentation_united_states> ; # Market segmentation--United States
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/high_technology_industries_united_states_finance> ; # High technology industries--United States--Finance
    schema:about <http://experiment.worldcat.org/entity/work/data/144777209#Topic/venture_capital> ; # Venture capital
    schema:bookFormat schema:EBook ;
    schema:contributor <http://experiment.worldcat.org/entity/work/data/144777209#Person/stern_scott> ; # Scott Stern
    schema:creator <http://experiment.worldcat.org/entity/work/data/144777209#Person/gans_joshua_s> ; # Joshua S. Gans
    schema:datePublished "2000" ;
    schema:description "This paper evaluates whether the relative concentration of funding for small, research-oriented firms in a small number of high-tech industries is related to the differences across industries in the level of appropriability or capital constraints facing small firms. To do so, we exploit a novel test based on the relationship between industry-level private venture financing and the performance of government-subsidized R&D projects in those sectors. If the government funds projects on the margin (as it should under an optimal subsidy regime) and industries only differ in terms of the level of appropriability, then private funding and subsidized project performance are positively correlated. Conversely, if industries only differ in terms of the level of capital constraints, this correlation is negative. Our principal empirical result is that project-level performance is highest for those technologies that are in industrial segments that attract high rates of venture capital investment. This result suggests that industrial sectors differ in the degree of appropriability for research-oriented small businesses and that variation in the appropriability regime helps explain the concentrated nature of venture capital activity in the economy."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/144777209> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/144777209#Series/nber_working_paper_series> ; # NBER working paper series
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/144777209#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:name "When Does Funding Research by Smaller Firms Bear Fruit? Evidence from the SBIR Program"@en ;
    schema:productID "1027333844" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/1027333844#PublicationEvent/cambridge_mass_national_bureau_of_economic_research2000> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/144777209#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
    schema:url <http://papers.nber.org/papers/w7877> ;
    schema:url <http://www.nber.org/papers/w7877> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1027333844> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/144777209#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
    schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Person/gans_joshua_s> # Joshua S. Gans
    a schema:Person ;
    schema:familyName "Gans" ;
    schema:givenName "Joshua S." ;
    schema:name "Joshua S. Gans" ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Person/stern_scott> # Scott Stern
    a schema:Person ;
    schema:familyName "Stern" ;
    schema:givenName "Scott" ;
    schema:name "Scott Stern" ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Place/401_k_plans> # 401(k) plans.
    a schema:Place ;
    schema:name "401(k) plans." ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
    schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Place/united_states> # United States.
    a schema:Place ;
    schema:name "United States." ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Series/nber_working_paper_series> # NBER working paper series
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1027333844> ; # When Does Funding Research by Smaller Firms Bear Fruit? Evidence from the SBIR Program
    schema:name "NBER working paper series" ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1027333844> ; # When Does Funding Research by Smaller Firms Bear Fruit? Evidence from the SBIR Program
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/g24_investment_banking_venture_capital_brokerage_ratings_and_ratings_agencies> # G24 - Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
    a schema:Intangible ;
    schema:name "G24 - Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/high_technology_industries_finance> # High technology industries--Finance
    a schema:Intangible ;
    schema:name "High technology industries--Finance"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/high_technology_industries_united_states_finance> # High technology industries--United States--Finance
    a schema:Intangible ;
    schema:name "High technology industries--United States--Finance"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/market_segmentation> # Market segmentation
    a schema:Intangible ;
    schema:name "Market segmentation"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/market_segmentation_united_states> # Market segmentation--United States
    a schema:Intangible ;
    schema:name "Market segmentation--United States"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/o31_innovation_and_invention_processes_and_incentives> # O31 - Innovation and Invention: Processes and Incentives
    a schema:Intangible ;
    schema:name "O31 - Innovation and Invention: Processes and Incentives"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/research_industrial_finance> # Research, Industrial--Finance
    a schema:Intangible ;
    schema:name "Research, Industrial--Finance"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/research_industrial_united_states_finance> # Research, Industrial--United States--Finance
    a schema:Intangible ;
    schema:name "Research, Industrial--United States--Finance"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/small_business_finance> # Small business--Finance
    a schema:Intangible ;
    schema:name "Small business--Finance"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/small_business_government_policy> # Small business--Government policy
    a schema:Intangible ;
    schema:name "Small business--Government policy"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/small_business_government_policy_united_states> # Small business--Government policy--United States
    a schema:Intangible ;
    schema:name "Small business--Government policy--United States"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/small_business_united_states_finance> # Small business--United States--Finance
    a schema:Intangible ;
    schema:name "Small business--United States--Finance"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/technological_innovations_economic_aspects> # Technological innovations--Economic aspects
    a schema:Intangible ;
    schema:name "Technological innovations--Economic aspects"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/technological_innovations_economic_aspects_united_states> # Technological innovations--Economic aspects--United States
    a schema:Intangible ;
    schema:name "Technological innovations--Economic aspects--United States"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/144777209#Topic/venture_capital_united_states> # Venture capital--United States
    a schema:Intangible ;
    schema:name "Venture capital--United States"@en ;
    .

<http://www.worldcat.org/title/-/oclc/1027333844>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/1027333844> ; # When Does Funding Research by Smaller Firms Bear Fruit? Evidence from the SBIR Program
    schema:dateModified "2018-04-04" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.