Abstract Using a dataset which combines Community Innovation Survey (CIS) and accounting information on Italian manufacturing firms, we adopt a two step econometric procedure to investigate whether the receipt of public funding determines firms’ innovation strategy selection. In the first step an innovation selection equation is estimated, in the second we adopt a bivariate probit model. The main finding is that public funding influences whether firms select the make, the buy or the make&buy strategy, favoring the latter. The composite strategy is the one linked to the build up of absorptive capacity which, according to the empirical evidence, turns out to be associated to a better innovative performance.

中文翻译：

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公共资金和创新策略。来自意大利中小企业的证据

摘要我们使用结合了意大利制造企业的社区创新调查（CIS）和会计信息的数据集，采用两步计量经济学程序来调查公共资金的接收是否决定了企业的创新策略选择。第一步，估算创新选择方程，第二步，采用双变量概率模型。主要发现是，公共资金会影响公司是选择品牌，购买策略还是购买与购买策略，而后者则偏向后者。综合策略是一种与吸收能力的建立相关的策略，根据经验证据，该策略与更好的创新绩效有关。