Achieving High Growth in Policy-Dependent Industries: Differences between Startups and Corporate-Backed Ventures
| Autor: | Rodolphe Durand, Panayiotis Georgallis |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Generosity
Labour economics Underline business.industry Unintended consequences Strategy and Management media_common.quotation_subject 05 social sciences Geography Planning and Development Photovoltaic system Public policy Discount points Renewable energy Market economy 0502 economics and business Economics 050207 economics business 050203 business & management Finance media_common |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| Popis: | This research examines which firms achieve high growth in policy-dependent industries. Using the European solar photovoltaic industry as our empirical setting, we investigate the impact of policy support on the growth of independent startups and corporate-backed ventures operating across countries with diverse policy conditions. We find that producers' growth is positively linked to policy generosity, and negatively linked to policy discontinuity. Moreover, corporate-backed ventures are less affected by policy generosity compared to entrepreneurial startups, and less impacted by policy discontinuity as well. Our results underline the importance of country- and firm-level differences in analyzing firms' response to regulatory policies, and point to the need for a better understanding of the unintended consequences of policies designed to support new industries. |
| Databáze: | OpenAIRE |
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