Research Joint Ventures and Firm Level Performance
نویسندگان
چکیده
منابع مشابه
Firm performance, knowledge transfer and international joint ventures
Management and protection of proprietary intangible assets such as technology and management skills is important for firms considering international expansion via joint ventures. Joint venture partners have incentives to appropriate intangible property. Also many governments have instituted policies to help domestic firms maximise technology spillovers. Some require foreign firms interested in ...
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The Impact of Research Joint Ventures on Firm Performance: An Empirical Assessment Research and Development Joint Ventures are based on cooperative agreements where firms share the costs and results of a particular research project. While theoretical analysis of research joint ventures on profits, R&D intensity, output and prices is more developed in the existing literature, few empirical inves...
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We introduce the concept of cooperative substitutes and complements, and use it to throw light on the conditions for a research joint venture to choose equal levels of R&D by all member firms. We show that the second-order conditions for a symmetric optimum take a particularly simple form, ruling out both excessive cooperative substitutability and excessive cooperative complementarity, and nest...
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This paper focuses on organizational learning and knowledge management through research joint ventures (RJVs) and explores the conditions that influence RJV performance. Using data from 247 Europeans firms involved in RJVs we identified four groups of RJVs according to the perceived value of RJV and the RJV performance. The effect of the locus of RJV and the learning and knowledge management on...
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In a simple model, we show that a joint venture can implement the rates of investment that maximize joint profit when firms’ research abilities are private information. This can be done with budget balance, even though there are participation constraints. There is no conflict between budget balance and participation constraints because firms’ payoffs can depend on ex post signals of abilities. ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2000
ISSN: 1556-5068
DOI: 10.2139/ssrn.229252