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Small Business Economics

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01.04.2016

You can lead a firm to R&D but can you make it innovate? UK evidence from SMEs

verfasst von: Marc Cowling

Erschienen in: Small Business Economics | Ausgabe 4/2016

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The UK Government introduced tax credits for SMEs to promote and support R&D in 2000. Since then the policy has become more generous in this respect, particularly since 2008. In this paper, we use the National Systems of Entrepreneurship as a conceptual framework in which to question whether SMEs take-up of tax credits has actually led to an increase in product, service, or process innovations. Our evidence suggests that (a) SME engagement with the policy is fairly randomly distributed across the sector, and (b) there is little additional product–service innovation to justify the expenditure in foregone taxes given the current distribution of credits, but (c) there is evidence of enhanced radical process innovations, particularly when combined with strong capability and planning at the firm level.

Vorheriger Artikel Public-sector entrepreneurship and the creation of a sustainable innovative economy

Nächster Artikel Equity retention and social network theory in equity crowdfunding

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Titel: You can lead a firm to R&D but can you make it innovate? UK evidence from SMEs
verfasst von: Marc Cowling
Publikationsdatum: 01.04.2016
Verlag: Springer US
Erschienen in: Small Business Economics / Ausgabe 4/2016
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-016-9704-2

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