Public Sector Financial Support for SME Innovativeness: Case Study of Selected CEE countries

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Public Sector Financial Support for SME Innovativeness: Case Study of Selected CEE countries

Popis výsledku v původním jazyce

The impact of innovation on economic development cannot be underestimated. Innovation has been touted as the anchor on which firms can nick a competitive advantage for themselves. Over the years, public sector interest in innovation has been emphasized due to the impact innovation has made on economic development of some nations. Different public sector support systems are available to firms to access for their innovative activities. Small and Medium Scale Enterprises (SME’s) play vital role in the economies of most countries. Despite their contribution to development, they are constrained by inadequate funds to engage in R&amp;D for innovation. In the light of this, the research sought to find out whether the innovativeness of SME’s from Selected CEE Countries determines the public financial support from the government or the European Union. The logistic regression model was employed using the harmonized European Union Community Innovation Survey 2012-2014 data for the empirical analysis. Our results indicate that SME’s that are engaged in innovative activities attract public financial support from national government and/or the European Union. This is because, the public sector financial support from the government and the EU target firms that are already engaged in innovation or show potential to be innovative.

Název v anglickém jazyce

Public Sector Financial Support for SME Innovativeness: Case Study of Selected CEE countries

Popis výsledku anglicky

The impact of innovation on economic development cannot be underestimated. Innovation has been touted as the anchor on which firms can nick a competitive advantage for themselves. Over the years, public sector interest in innovation has been emphasized due to the impact innovation has made on economic development of some nations. Different public sector support systems are available to firms to access for their innovative activities. Small and Medium Scale Enterprises (SME’s) play vital role in the economies of most countries. Despite their contribution to development, they are constrained by inadequate funds to engage in R&amp;D for innovation. In the light of this, the research sought to find out whether the innovativeness of SME’s from Selected CEE Countries determines the public financial support from the government or the European Union. The logistic regression model was employed using the harmonized European Union Community Innovation Survey 2012-2014 data for the empirical analysis. Our results indicate that SME’s that are engaged in innovative activities attract public financial support from national government and/or the European Union. This is because, the public sector financial support from the government and the EU target firms that are already engaged in innovation or show potential to be innovative.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 23rd International Conference Current Trends in Public Sector Research

ISBN

978-80-210-9256-3

ISSN

2336-1239

e-ISSN

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Počet stran výsledku

8

Strana od-do

84-91

Název nakladatele

Masarykova univerzita

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

24. 1. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000560960400010