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A platform for research: civil engineering, architecture and urbanism
Do subsidized new firms survive longer? Evidence from a counterfactual approach
Do subsidized new firms survive longer? Evidence from a counterfactual approach. Regional Studies. This study provides a statistically robust evaluation of the impact of capital subsidies on the survival of start-ups in Italy. The analysis considers the subsidies provided by the main Italian regional policy, Law 488/1992, during 1996–2009. By exploiting an unusual characteristic of the L. 488 selection process, a quasi-experimental design with high internal validity – the regression discontinuity design – is applied for the first time to the survival analysis. The results show a lower default risk in subsidized start-ups. These findings contradict the view that start-ups receiving L. 488 assistance simply used the grant funding to delay exit.
Do subsidized new firms survive longer? Evidence from a counterfactual approach
Do subsidized new firms survive longer? Evidence from a counterfactual approach. Regional Studies. This study provides a statistically robust evaluation of the impact of capital subsidies on the survival of start-ups in Italy. The analysis considers the subsidies provided by the main Italian regional policy, Law 488/1992, during 1996–2009. By exploiting an unusual characteristic of the L. 488 selection process, a quasi-experimental design with high internal validity – the regression discontinuity design – is applied for the first time to the survival analysis. The results show a lower default risk in subsidized start-ups. These findings contradict the view that start-ups receiving L. 488 assistance simply used the grant funding to delay exit.
Do subsidized new firms survive longer? Evidence from a counterfactual approach
Pellegrini, Guido (author) / Muccigrosso, Teo (author)
Regional Studies ; 51 ; 1483-1493
2017-10-03
11 pages
Article (Journal)
Electronic Resource
English
survival analysis , regression discontinuity design , policy evaluation , public subsidies , regional policy , 生存分析 , 断点迴归设计 , 政策评估 , 公共资助 , 区域政策 , analyse de survie , discontinuité par régression , évaluation de politique , subventions d’État , politique régionale , Überlebensanalyse , Regressions-Diskontinuitäts-Aufbau , Politikbewertung , staatliche Subventionen , Regionalpolitik , análisis de supervivencia , diseño de regresión descontinuada , evaluación política , subvenciones públicas , política regional , C14 , H71 , R38
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