The role of business subsidies in job creation of start-ups, gazelles and incumbents

Heli Koski*, Mika Pajarinen

*Tämän työn vastaava kirjoittaja

Tutkimustuotos: LehtiartikkeliArticleScientificvertaisarvioitu

32 Sitaatiot (Scopus)

Abstrakti

This study contributes to the empirical literature concerning the role of business subsidies in job creation. Our empirical analysis, using an extensive firm-level data, suggests that the impact of business subsidies on employment growth differs more between high-growth start-ups and other firms than between start-ups and incumbents. On average, all subsidies relate positively to the contemporary employment growth for both start-ups and incumbents. Furthermore, after subsidy reception, the employment of both start-ups and older incumbents receiving employment or other subsidies grows more than that of non-subsidized firms. However, we find that business subsidies do not provide a significant additional boost to either contemporary or after-subsidy growth for young high-growth companies. There are apparently some other factors that promote growth in young high-growth firms; these factors help foster strong growth in many cases with or without subsidies.

AlkuperäiskieliEnglanti
Sivut195-214
Sivumäärä20
JulkaisuSmall Business Economics
Vuosikerta41
Numero1
DOI - pysyväislinkit
TilaJulkaistu - kesäkuuta 2013
OKM-julkaisutyyppiA1 Julkaistu artikkeli, soviteltu

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