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Evaluating the Effectiveness of Supportive Innovation Policies on New Technology-Based Firms’ Success in Reaching the Growth Stage

Eshraghi, Alireza | 2021

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  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 53900 (44)
  4. University: Sharif University of Technology
  5. Department: Management and Economics
  6. Advisor(s): Miremadi, Iman; Vesal, Mohammad
  7. Abstract:
  8. New technology-based firms (NTBFs) are the driving force behind creating innovation and technology in countries and can play a crucial role in job creation and economic growth. These companies also facilitate technology transfer and strengthen the absorptive capacity of national innovation systems. Therefore, given the externalities of these companies, as well as their significant role in promoting innovation, governments around the world implement policies to support these firms. In Iran, the Vice President for Science and Technology has implemented policies to support NTBFs since 2013. Recently, a few studies have been carried out to evaluate these policies. However, the number of these studies is significantly limited for the lack of appropriate data and the newly set policies.This study focuses on evaluating the effect of innovation policies on reaching the growth stage in NTBFs, using the official data. For this purpose, cross-sectional data and a logit model are used. The results show the effectiveness of tax credits, low-interest loans, and counseling services on growth in NTBFs. Also, the production of high-technology products, unlike medium-high-technology products, positively affects the growth of new technology-based firms. Finally, examining the impact of being active in various sectors (industries) shows that NTBFs that belong to the field of "information and communication technology" have the highest probability of success, while those in the "biotechnology" sector have the lowest chance.This research also provides suggestions for future studies and political insights to improve the effectiveness of innovation policies
  9. Keywords:
  10. New Technology-based Firms ; Firm Behaviors ; Policy Evaluation ; Firm Life Cycle ; Innovation Policy ; Knowledge Based Companies

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