Adverse selection and financing of innovation: is there a need for R&D subsidies?
By T. Takalo, Tanja Tanayama. 2010
273 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/22133e370975df5d43c73fcc508ca07fc4dac963
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Mike Wright
- Massimo G. Colombo
- Philippe Mustar
- A. Quas
- Massimiliano Guerini
- Aihua Wu
- J. I. Galan
- Uwe Cantner
In Economics and Econometrics
- Mike Wright
- Philippe Mustar
- Massimiliano Guerini
- Massimo G. Colombo
- A. Quas
- J. I. Galan
- Francisco Javier Forcadell
- J. A. Zúñiga-Vicente
Citations in the corpus
- Governmental venture capital in Europe: Screening and certification (2016, background): “…as screening device by PVC firms is that the investment decisions of the government’s officials in charge of evaluating investment proposals are not random (Takalo and Tanayama 2010) and that selected companies have the potential, if funded, to become good investment opportunities for PVC firms.”
- The signal effect of Government R&D Subsidies in China: Does ownership matter? (2017, background): “Takalo and Tanayama (2010) provide a theoretical model in which public R&D subsidies may yield a positive signal to market-based financiers.”
- The Financing of Innovative Firms (2010, background): “In a recent theoretical paper, Takalo and Tanayama (2008) argue that government R&D subsidies based on screening of firms and projects can serve as important signals to private-equity markets and venture capitalists of the quality of the recipients, which will reduce to some extent the “lemons”…”
- Dynamics of Science-based entrepreneurship (2010, background): “Takalo and Tanayama (2009) develop a theoretical framework to examine the interaction between private and public financing of innovative projects in the presence of adverse selection problems.”
- ASSESSING THE EFFECT OF PUBLIC SUBSIDIES ON FIRM R&D INVESTMENT: A SURVEY (2014, background): “3 Financial Constraints Financial constraints due to capital market imperfections have been raised as a major reason for government intervention in private R&D investment (Arrow, 1962; Hall, 1992, 2002; Ughetto, 2008; Takalo and Tanayama, 2010).”
- Picking the winner? Empirical evidence on the targeting of R&D subsidies to start-ups (2012, background): “Lerner (1999) and Takalo and Tanayama (2010) argue that public funds certify the quality of their recipients and thereby attract private investors.”