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SUMMARY:MTEI Seminar by Prof. Rosemarie Ziedonis\, University of Oregon
DTSTART:20130624T120000
DTEND:20130624T133000
DTSTAMP:20260427T213055Z
UID:7f43c01612326f71e5d43d5f151a0e0bdbdaa9ac256b8afea765bb1d
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Rosemarie Ziedonis\, University of Oregon\n"State Govern
 ments as Financiers of Technology Startups: Implications for Firm Performa
 nce"Abstract:\nU.S. state governments are active financiers of new science
  and technology companies. Yet little is known about the effects of state 
 R&D funding on the performance of recipient ventures. This study provides 
 new evidence based on competitive R&D awards administered by the state of 
 Michigan from 2002 through 2008. We find strong and compelling evidence th
 at state R&D awards enhanced the commercial viability (i.e.\, survival) of
  recipient firms\, suggesting a relaxation of financial constraints. Among
  firms with scores near the discontinuous funding threshold\, our estimate
 s suggest that awardees were 15% to 25% more likely to survive three years
  after the competition than otherwise comparable applicants that sought bu
 t failed to receive an award. We also find that receipt of state R&D fundi
 ng enhanced the follow-on financing for these new ventures\, but only for 
 those with more onerous information challenges in entrepreneurial capital 
 markets.Keywords:\nInnovation\; government R&D programs\; entrepreneurial 
 finance\; regression discontinuity design
LOCATION:EPFL\, ODY 4.03\, VIP room http://plan.epfl.ch/?zoom=20&recenter_
 y=5863800.12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,label
 s\,events_surface\,events_line\,events_label\,information\,parkings_public
 s\,arrets_metro\,evenem
STATUS:CONFIRMED
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