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With funding tight, investigators pursue safe projects rather than less fundable ones with uncertain but potentially path-breaking outcomes.
Corporate investment funds favor safe projects with short payback periods, not projects that require disrupting an existing equilibrium and creating new relationships across multiple sectors far from headquarters.
Moreover, a higher inherent risk aversion of management and changes in the value of tax shields and future bankruptcy costs also make relatively safe projects more desirable (Ooghe and De Prijcker [2008]).
Ian Glomski gave up his lab at the University of Virginia after he realized that he could only fund "safe" projects; now he's starting a liquor distillery, Vitae Spirits.
Edwards argues that these incentives drive researchers toward safe projects that won't risk irritating a potential funding source and away from studies of merely public (as opposed to commercial) interest.
Similar(55)
For the past five years, Ewers has been leading a study called the Safe project to answer this question.
It connects the women of the Safe project in Kenya, who educate against genital mutilation, to Jane Austen on our banknotes.
In 2003, the Safe Project (in Birmingham) had eight staff, now it has two-and-a-half.
Stela Stansfield, service co-ordinator of the Children's Society's Street Safe project in Lancashire, says a particular problem is schools failing to report occurrences of running away because they want to protect their reputations.
It was sponsored by the SAFE project, a Leicester domestic violence charity, and organised with the support of Leicestershire Police.
Without specifically suggesting why a third party report would stall a supposedly safe project, the company frames this recommendation as an affront to the unquestionable wisdom of the NEB and uses it as an opportunity to kiss regulatory ass.
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