Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5110280 | Long Range Planning | 2017 | 14 Pages |
Abstract
This research examines which firms achieve high growth in policy-dependent industries. Using the European solar photovoltaic industry as our empirical setting, we investigate the impact of policy support on the growth of independent startups and corporate-backed ventures operating across countries with diverse policy conditions. We find that producers' growth is positively linked to policy generosity, and negatively linked to policy discontinuity. Moreover, corporate-backed ventures are less affected by policy generosity compared to entrepreneurial startups, and less impacted by policy discontinuity as well. Our results underline the importance of country- and firm-level differences in analyzing firms' response to regulatory policies, and point to the need for a better understanding of the unintended consequences of policies designed to support new industries.
Related Topics
Social Sciences and Humanities
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Business and International Management
Authors
Panayiotis (Panikos) Georgallis, Rodolphe Durand,