In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...

The purpose of this paper is to explore the determinants of innovative capabilities in Turkish SMEs, with a particular emphasis on the impact of recent changes in science and technology policy. Two different analyses are conducted in order to evaluate both the decision to innovate and the...

Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by public policy affects the prevalence and performance...

Many governments promote small businesses for the dual reasons of fostering 'breakthrough' innovations and employment growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation project and on their mode of commercializing the...

Der Bericht beschäftigt sich mit den Auswirkungen des Bayerischen Mittelstandskreditprogramms. Die Umfrage des ifo Instituts zu diesem Thema hat gezeigt, daß die Förderprogramme der LfA rege nachgefragt wurden. Bei der Förderung von Existenzgründungen erfreuen sich die ERP-Programme, in...

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...