Journal of Public Procurement Pub Date : 2020-11-13 , DOI: 10.1108/jopp-10-2019-0071 Stephen C. Hansen , Judith Hermis
Purpose
This paper aims to investigate the extent to which federal acquisitions motivate private-sector partner firms’ investment in innovation.
Design/methodology/approach
Archival, Empirical.
Findings
This study finds that federal acquisitions are positively associated with contractors’ R&D spending but that the intensity of R&D spending is indistinguishable between firms’ government and private sectors (non-government) contracts. This study also develops a novel measure of the intensity of contractor R&D spending on public sector relative to private-sector clients and assesses construct validity of the measure.
Research limitations/implications
Cultivating innovation is an explicit goal of federal procurement. Innovation is critical to addressing the nation’s collective problems. The results should be of interest to scholars and practitioners, particularly acquisition personnel, one of whose responsibilities is to efficiently steward tax revenues to the most productive (contracting) use.
Originality/value
This study is descriptive in nature and helps to illuminate the extent and conditions under which federal acquisition activity motivates investment in innovation by private-sector partners. These results speak to how effectively government contracting motivates private-sector innovation, which clearly has implications for fiscal stewardship. Additionally, private-sector innovation affects stock price formation. Collectively, these results imply that the extent to which acquisitions motivate innovation has material implications on our country’s fiscal health.
中文翻译:
招聘创新:对联邦采购和承包商研发的描述性研究
目的
本文旨在调查联邦收购在多大程度上刺激了私营部门合作伙伴公司对创新的投资。
设计/方法/方法
档案,经验性的。
发现
这项研究发现,联邦采购与承包商的R&D支出呈正相关,但在公司的政府与私营部门(非政府)合同之间,R&D支出的强度是无法区分的。这项研究还开发了一种相对于私营部门客户的承包商在公共部门研发投入强度的新方法,并评估了该方法的有效性。
研究局限/意义
培养创新是联邦采购的明确目标。创新对于解决国家的集体问题至关重要。该结果应引起学者和从业人员,特别是购置人员的兴趣,其职责之一是有效地将税收收入引导至最有生产力的(合同)用途。
创意/价值
这项研究本质上是描述性的,有助于阐明联邦收购活动激发私营部门合作伙伴对创新进行投资的程度和条件。这些结果表明,政府承包如何有效地激发了私营部门的创新,这显然对财政管理产生了影响。此外,私营部门的创新会影响股票价格的形成。总的来说,这些结果表明,收购激励创新的程度对我国的财政状况具有实质性的影响。