Blazing the trail: describing and assessing a new policy instrument whereby indirect tax incentives fuel collaborative innovation

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dc.contributor.authorVendrell Herrero, Ferrán
dc.contributor.authorBustinza Sánchez, Óscar Fernando
dc.contributor.authorLarreina Díaz, Mikel
dc.contributor.authorOpazo Basáez, Marco
dc.contributor.authorChesbrough, Henry
dc.date.accessioned2025-11-03T11:09:49Z
dc.date.available2025-11-03T11:09:49Z
dc.date.issued2025-06-09
dc.date.updated2025-11-03T11:09:49Z
dc.description.abstractGovernments incentivize positive externalities from R&D activities via direct (i.e., capital grants) and indirect (i.e., tax incentives for proceeds from operations) subsidies. In this regard, direct subsidies are often presumed to be more explicitly geared toward encouraging collaborative innovation through the formation of consortia. However, the potential of indirect subsidies in this domain remains underexplored in extant studies. Moreover, these mechanisms rely on an unstated assumption: the entities receiving support are the best placed for its use. This article relaxes these assumptions by assessing a unique R&D tax break initiative, called the 64Bis, introduced by the provincial council of Biscay in the Basque Country, Spain. The 64Bis initiative enables an enterprise (Developer) to allocate the proceeds from this mechanism to an external organization (Financier). In exchange, the Financier sponsors the publicly backed R&D project. This article not only describes this policy instrument for the first time but also exploits the quasi-natural experiment conditions to examine between- and within-group heterogeneities. The between-group heterogeneities were analyzed using accounting data and one-to-one propensity score matching in order to construct a synthetic control group. Developers benefiting from this initiative between 2017 and 2021 were found to have acquired more knowledge than comparable enterprises during the same period. The within-group heterogeneities were examined using survey data and fuzzy-set Qualitative Comparative Analysis (fsQCA) to identify optimal configurational pathways that enhance knowledge acquisition via this policy instrument. Altogether, the findings suggest that implementing R&D tax incentives can encourage the formation of collaborative innovation systems, and have significant implications for both academic research and policy development.en
dc.description.sponsorshipOscar F. Bustinza acknowledges financial support from the Grant C-SEJ-020-UGR23 funded by the Consejería de Universidad, Investigación e Innovación and by the ERDF Andalusia Program 2021–2027en
dc.identifier.citationVendrell-Herrero, F., Bustinza, O. F., Larreina, M., Opazo-Basaez, M., & Chesbrough, H. (2025). Blazing the trail: describing and assessing a new policy instrument whereby indirect tax incentives fuel collaborative innovation. Research Policy, 54(8). https://doi.org/10.1016/J.RESPOL.2025.105276
dc.identifier.doi10.1016/J.RESPOL.2025.105276
dc.identifier.issn0048-7333
dc.identifier.urihttps://hdl.handle.net/20.500.14454/4228
dc.language.isoeng
dc.publisherElsevier B.V.
dc.rights© 2025 The Authors. Published by Elsevier B.V.
dc.subject.otherCollaborative innovation
dc.subject.otherInnovation policy
dc.subject.otherKnowledge acquisition
dc.subject.otherQuasi-natural experiment design
dc.subject.otherR&D tax incentives
dc.titleBlazing the trail: describing and assessing a new policy instrument whereby indirect tax incentives fuel collaborative innovationen
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.issue8
oaire.citation.titleResearch Policy
oaire.citation.volume54
oaire.licenseConditionhttps://creativecommons.org/licenses/by-nc-nd/4.0/
oaire.versionVoR
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