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

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dc.contributor.advisorAparicio Rincón, Sebastiánspa
dc.contributor.authorRodríguez Vahos, Alejandro
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.degreeMagíster en Economía Aplicadaspa
dc.creator.emailarodriguev@eafit.edu.cospa
dc.date.accessioned2022-03-29T21:11:20Z
dc.date.available2022-03-29T21:11:20Z
dc.date.issued2022
dc.description.abstractA 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.spa
dc.identifier.ddc658.1522 R696
dc.identifier.urihttp://hdl.handle.net/10784/31090
dc.language.isospaspa
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.publisher.placeMedellínspa
dc.publisher.programMaestría en Economía Aplicadaspa
dc.rightsTodos los derechos reservadosspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccessspa
dc.rights.localAcceso abiertospa
dc.subjectEmprendimientospa
dc.subjectEvaluación de impactospa
dc.subjectPolítica públicaspa
dc.subjectProgramas de aceleraciónspa
dc.subjectPaíses en vía de desarrollospa
dc.subject.keywordEntrepreneurshipspa
dc.subject.keywordImpact evaluationspa
dc.subject.keywordPublic fundsspa
dc.subject.keywordAcceleration programsspa
dc.subject.keywordDeveloping countriesspa
dc.subject.lembFINANCIAMIENTO INDUSTRIALspa
dc.subject.lembCRECIMIENTO ECONÓMICOspa
dc.subject.lembFINANCIAMIENTO DE EMPRESASspa
dc.subject.lembADMINISTRACIÓN FINANCIERAspa
dc.titleScaling new ventures with public funding : assessing a business acceleration program in a developing countryspa
dc.typemasterThesiseng
dc.typeinfo:eu-repo/semantics/masterThesiseng
dc.type.hasVersionacceptedVersioneng
dc.type.localTesis de Maestríaspa
dc.type.spaArtículospa

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