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Understanding the financing of innovation and commercialization: the case of the Canadian functional food and nutraceutical sector
Understanding the financing of innovation and commercialization: the case of the Canadian functional food and nutraceutical sector
- Source :
- Applied Economics. 42:2667-2682
- Publication Year :
- 2010
- Publisher :
- Informa UK Limited, 2010.
-
Abstract
- We develop and implement two models to show what factors affect a firm's decision to seek external financing and the level of financing obtained in the Canadian functional food and nutraceutical sector. Data from a national survey of functional foods and nutraceutical firms in Canada, conducted by Statistics Canada in 2003, is used for this analysis. Firm size, being privately held and engaging in contractual arrangements have negative impacts on the likelihood of a firm seeking external funding, while firms which are intensively involved in the functional food and nutraceutical sector, with greater prospects for business expansion and/or involved in partnerships are more likely to seek external financing. Larger firms and those involved in functional food and nutraceutical research and development receive a greater amount of capital when they decide to raise capital. However, firms focused on functional foods and nutraceuticals, as opposed to more diversified firms, and those involved in product developm...
Details
- ISSN :
- 14664283 and 00036846
- Volume :
- 42
- Database :
- OpenAIRE
- Journal :
- Applied Economics
- Accession number :
- edsair.doi...........c5cd838148c8572d82c85faadf519c15
- Full Text :
- https://doi.org/10.1080/00036840801964658