You can lead a firm to R&D but can you make it innovate? UK evidence from SMEs

Journal article


Cowling, M 2016. You can lead a firm to R&D but can you make it innovate? UK evidence from SMEs. Small Business Economics. https://doi.org/10.1007/s11187-016-9704-2
AuthorsCowling, M
Abstract

The UK Government introduced tax credits for SMEs to promote and support R&D in 2000. Since then the policy has become more generous in this respect, particularly since 2008. In this paper, we use the National Systems of Entrepreneurship as a conceptual framework in which to question whether SMEs take-up of tax credits has actually led to an increase in product, service, or process innovations. Our evidence suggests that (a) SME engagement with the policy is fairly randomly distributed across the sector, and (b) there is little additional product–service innovation to justify the expenditure in foregone taxes given the current distribution of credits, but (c) there is evidence of enhanced radical process innovations, particularly when combined with strong capability and planning at the firm level.

Year2016
JournalSmall Business Economics
PublisherSpringer
ISSN0921898X
15730913
Digital Object Identifier (DOI)https://doi.org/10.1007/s11187-016-9704-2
Web address (URL)http://hdl.handle.net/10545/624072
hdl:10545/624072
Publication dates16 Feb 2016
Publication process dates
Deposited06 Aug 2019, 15:37
ContributorsUniversity of Brighton
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