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Publicly funded business advisory services and entrepreneurial outcomes

机译：公共资助的商业咨询服务和创业成果

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摘要

Given the mixed evidence for the impact of various publicly funded initiatives that aim to foster entrepreneurial activity, this paper empirically examines the efficacy of publicly funded business advisory services in relation to entrepreneurial outcomes. Based on a sample of 228 early-stage firms, of which 101 used business advisory services focused on helping companies secure 1st rounds of financing and start generating revenues, we examine the firm-level impact such services can have on sales growth, innovation, finance and alliances. We find services are positively associated with firms' sales growth, patents, finance and alliances. We assess statistical and economic significance, and assess robustness to controls for the non-randomness of the firm's using business advisory service program, as well as endogeneity of advisors' hours spent with firms. Other robustness checks are also included. We find significant robustness of hours spent on sales and finance, but sensitivity of the effect of hours on patents and alliances after controlling for endogeneity.
机译：考虑到各种旨在促进创业活动的公共资助计划的影响的混合证据，本文从实证角度考察了公共资助的商业咨询服务相对于创业成果的功效。基于228家早期公司的样本，其中101家使用了业务咨询服务，这些服务专注于帮助公司获得第一轮融资并开始产生收入，我们考察了这些服务对销售增长，创新，财务的公司层面影响。和联盟。我们发现服务与公司的销售增长，专利，财务和联盟密切相关。我们评估了统计和经济意义，并评估了使用业务咨询服务计划控制公司非随机性的鲁棒性，以及顾问在公司工作时间的内在性。还包括其他健壮性检查。我们发现花费在销售和财务上的工时显着稳健，但是在控制了内生性之后，工时对专利和联盟影响的敏感性较高。

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