Impact evaluation of business development grants on SME performance
| Autor: | Janette Walde, Michael Lapinski, Stjepan Srhoj |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Finance
Economics and Econometrics Entrepreneurship Matching (statistics) business.industry Average treatment effect Impact evaluation 05 social sciences business development grants policy evaluation two way fixed effects regression matching heterogeneous treatment effects dose-response-function Fixed effects model Discount points General Business Management and Accounting Order (exchange) 0502 economics and business Business Economic impact analysis 050207 economics 050203 business & management |
| Zdroj: | Small Business Economics. 57:1285-1301 |
| ISSN: | 1573-0913 0921-898X |
| Popis: | An assessment of the economic impact that can be achieved through grants makes it possible to refine such policy instruments in order to make public funding more effective in relation to the objectives pursued. In this paper, we investigate the effects of a business development grant scheme. More specifically we question whether firms’ performance measures increased after receiving such grants. Methodically, we match grant receiving firms with grant non-receivers and estimate the average treatment effect on the treated using a two way fixed effects regression. Our results point towards a positive effect of the grant scheme, which is particularly evident for firms of smaller size. Our estimated dose- response functions show that the share of grant amount in firm profits needs to be high enough for the grants to be effective. According to back of- the envelope analysis, benefits outweigh the direct scheme costs. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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