Cantner, Uwe; Kösters, Sarah - In: Small Business Economics 39 (2012) 4, pp. 921-936
This paper investigates the allocation of R&D subsidies given to start-ups. Considering the coexistence of various R … three business years of the start-ups. We argue that policymakers and funding authorities follow a strategy of “picking the … winner”. Analyzing start-ups in the East German state of Thuringia, we conduct logistic regressions and find ambiguous …