Howell, Sabrina T. 2016. “Joint Ventures and Technology Adoption: A Chinese Industrial Policy that Backfired.”
I am an Assistant Professor of Finance at NYU's Stern School of Business, and a Faculty Research Fellow at the National Bureau of Economic Research (NBER). My research and teaching focus on entrepreneurial finance, innovation, fintech, energy, and China.
ABSTRACT: Governments regularly subsidize new ventures to spur innovation. This paper conducts the first large-sample, quasi-experimental evaluation of R&D subsidies. I use data on ranked applicants to the U.S. Department of Energy’s SBIR grant program. An early stage award approximately doubles the probability that a firm receives subsequent venture capital and has large, positive impacts on patenting and revenue. These effects are stronger for more financially constrained firms. Certification, where the award contains information about firm quality, likely does not explain the grant effect. Instead, the grants are useful because they fund technology prototyping.
Minsk, Ronald E., Sam P. Ori, and Sabrina Howell. 2009. “Plugging Cars into the Grid: Why the Government Should Make a Choice.” Energy Law Journal 30(2).
NON-PEER REVIEWED PUBLICATIONS
Howell, Sabrina, Lee, Henry, and Heal, Adam. 2014. “Leapfrogging or Stalling Out? Electric Vehicles in China.” Discussion Paper, Belfer Center for Science and International Affairs, Harvard Kennedy School.
Howell, Sabrina. 2013. “Pathways for Reducing Oil Consumption in the U.S.” Carbon War Room & Fuel Freedom Foundation Research Report.
Howell, Sabrina. 2009. “Jia You! (Add Oil!): Chinese Energy Security Strategy.” In Luft, Gal and Anne Korin, eds. Energy Security Challenges for the 21 Century. California: Praeger Publishing.
Smith, Anne E. and Sabrina Howell. 2009. “An Assessment of the Robustness of Visual Air Quality Preference Study Results.” Environmental Protection Agency Clean Air Scientific Advisory Committee (EPA CASAC) Particulate Matter Review, Public Comments, March 30.
Howell, Sabrina T. (with Will Cong and Ran Zhang). 2017. "How Public Markets Foster Firm Standardization: Evidence from Chinese IPOs.”
Sabrina T. Howell
Howell, Sabrina T. 2017.“Financing Innovation: Evidence from R&D Grants.”The American Economic Review (April).
Council on Foreign Relations. 2015. "Keeping the Edge: U.S. Innovation." Report.
Smith, Noah. 2015. "Angel Investing, Government Style." Bloomberg. July 9.
Pethokoukis, James. 2015. "Uncle Sam, angel investor?" AEIdeas, July 15.
Davis, Lucas. 2015. "How Should We Design Government Policies to Stimulate Innovation?" Haas Energy Institute. March 23.
Gill, Dee. 2015. "Small, Early Stage R&D Grants to Energy Startups have Large Impact." Chicago Booth Daily Data. February 2.
Howell, Sabrina. 2014. "The Impact of Government Grants in the Clean Energy Sector." Cleantech Group. January 9.