<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The paper analyses public subsidies aimed to enhance development and innovation in the Slovakian private sector. The paper reviews theoretical approaches of the necessity of public support to research and development activities in order to increase private investment in research and development. An overview of research and development support tools in Slovakia is presented. The analytical part of the work is oriented on a comparative analysis of two granting agencies in Slovakia [Agency for Research and Development (ARD) and Agency of Operational Program Research and Development (OPRD)]. Special attention is given to direct public financial support. Logit analysis showed a relationship between success of grant applicants and their characteristics. We find that the following have impact on success of the application: Age of the company, amount of the grant required, legal form of the company, and the agency to which the application for grant was submitted. Applicants with legal form Ltd. (limited liability company) have a higher chance of receiving grant than other legal forms. The highest chance of success has a request for a grant of up to 500.000 €. According to the results of our analysis, the chance to obtain a grant decreases with each passing year.</p></abstract>

The paper analyses public subsidies aimed to enhance development and innovation in the Slovakian private sector. The paper reviews theoretical approaches of the necessity of public support to research and development activities in order to increase private investment in research and development. An overview of research and development support tools in Slovakia is presented. The analytical part of the work is oriented on a comparative analysis of two granting agencies in Slovakia [Agency for Research and Development (ARD) and Agency of Operational Program Research and Development (OPRD)]. Special attention is given to direct public financial support. Logit analysis showed a relationship between success of grant applicants and their characteristics. We find that the following have impact on success of the application: Age of the company, amount of the grant required, legal form of the company, and the agency to which the application for grant was submitted. Applicants with legal form Ltd. (limited liability company) have a higher chance of receiving grant than other legal forms. The highest chance of success has a request for a grant of up to 500.000 €. According to the results of our analysis, the chance to obtain a grant decreases with each passing year.

Governmental Research Support Programs and Private Entities in Slovakia

Aupark Shopping Center Košice, Nám. Osloboditeľov 1, 040 01 Košice, Slovakia, malikova.zuzana@gmail.com

Technical University of Košice, Faculty of Economics, Němcovej 32, 040 01 Košice, Slovakia, matuskubak@gmail.com.

University of Prešov in Prešov, Faculty of Management, Konštantínova 16, 080 01 Prešov, Slovakia, radovan.bacik@unipo.sk.

Masaryk University, Faculty of Economics and Administration, Lipová 41a, 602 00 Brno, Czech republic, milos.fisar@econ.muni.cz.

Review of Economic Perspectives

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Governmental Research Support Programs and Private Entities in Slovakia"}

The paper analyses public subsidies aimed to enhance development and innovation in the Slovakian private sector. The paper reviews theoretical approaches of...

Governmental Research Support Programs and Private Entities in Slovakia

Published Online: Jan 29, 2015

Page range: 345 - 371

DOI: https://doi.org/10.1515/revecp-2015-0004

Keywords
research, development, innovation, subsidy, logit regression, Slovakia

© 2014 Zuzana Maliková et. al.

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Governmental Research Support Programs and Private Entities in Slovakia

Published Online: Jan 29, 2015

Page range: 345 - 371

DOI: https://doi.org/10.1515/revecp-2015-0004

Keywordsresearch, development, innovation, subsidy, logit regression, Slovakia

© 2014 Zuzana Maliková et. al.

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
research, development, innovation, subsidy, logit regression, Slovakia