Scaling new ventures with public funding : assessing a business acceleration program in a developing country

Rodríguez Vahos, Alejandro

Publicación:
Scaling new ventures with public funding : assessing a business acceleration program in a developing country

dc.contributor.advisor	Aparicio Rincón, Sebastián
dc.contributor.author	Rodríguez Vahos, Alejandro
dc.coverage.spatial	Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees	eng
dc.creator.degree	Magíster en Economía Aplicada	spa
dc.creator.email	arodriguev@eafit.edu.co	spa
dc.date.accessioned	2022-03-29T21:11:20Z
dc.date.available	2022-03-29T21:11:20Z
dc.date.issued	2022
dc.description.abstract	A debate on whether new ventures should be supported or not with public funding is alive. Taking a position in this discussion requires rigorous assessments of implemented programs. However, a few efforts mostly focused on regional cases in developed countries exists. By filling up this gap, our paper seeks to measure the effects of a regional acceleration program from Medellin, Colombia. We take support from capabilities theory, which sets the basis to suggest different firm characteristics that help with the identification of an appropriate impact evaluation modeling through propensity score match, using a sample of 60 (treatment) and 16,994 (control) firms. Our matching results indicate that treated firms had a higher revenue on average than control firms, confirming a positive impact on growth measures. However, such financial growth is mostly observed in service firms as compared to other economic sectors. These findings tip the balance in favor of the literature suggesting supportive programs for high-growth firms as opposed to everyday entrepreneurship. Further evaluations, with a longer time span, and using more outcome variables, are suggested in the context of similar public funded programs in developing countries.
dc.format.mimetype	application/pdf
dc.identifier.ddc	658.1522 R696
dc.identifier.instname	instname:Universidad EAFIT
dc.identifier.reponame	reponame:Repositorio Institucional Universidad EAFIT
dc.identifier.repourl	repourl:https://repository.eafit.edu.co
dc.identifier.uri	https://hdl.handle.net/10784/31090
dc.language.iso	spa	spa
dc.publisher	Universidad EAFIT	spa
dc.publisher.department	Escuela de Economía y Finanzas	spa
dc.publisher.place	Medellín
dc.publisher.program	Maestría en Economía Aplicada	spa
dc.rights	Todos los derechos reservados	spa
dc.rights.accessrights	info:eu-repo/semantics/openAccess	eng
dc.rights.local	Acceso abierto	spa
dc.subject	Emprendimiento
dc.subject	Evaluación de impacto
dc.subject	Política pública
dc.subject	Programas de aceleración
dc.subject	Países en vía de desarrollo
dc.subject.keyword	Entrepreneurship
dc.subject.keyword	Impact evaluation
dc.subject.keyword	Public funds
dc.subject.keyword	Acceleration programs
dc.subject.keyword	Developing countries
dc.subject.lemb	FINANCIAMIENTO INDUSTRIAL
dc.subject.lemb	CRECIMIENTO ECONÓMICO
dc.subject.lemb	FINANCIAMIENTO DE EMPRESAS
dc.subject.lemb	ADMINISTRACIÓN FINANCIERA
dc.title	Scaling new ventures with public funding : assessing a business acceleration program in a developing country
dc.type	masterThesis	eng
dc.type	info:eu-repo/semantics/masterThesis	eng
dc.type	info:eu-repo/semantics/publishedVersion
dc.type.coar	http://purl.org/coar/resource_type/c_bdcc
dc.type.coarversion	https://purl.org/coar/version/c_ab4af688f83e57aa
dc.type.hasVersion	acceptedVersion	eng
dc.type.local	Tesis de Maestría	spa
dc.type.redcol	https://purl.org/redcol/resource_type/TM
dc.type.spa	Artículo
dspace.entity.type	Publication