How do Participants in Research Joint Ventures Diversify?

How do Participants in Research Joint Ventures Diversify? This paper investigates the incentives to participate in research joint ventures from the perspective of overall business diversification behavior. It presents evidence that: (a) RJVs tend to put together industrial activities differently than single firms; and, (b) the diversification decisions of RJV participants are triggered partly differently than the analogous decisions of firms that have not participated in the examined large set of RJVs. The results indicate that RJVs facilitate “experimentation.” They also indicate that the policy debate on inter-firm cooperation in R & D must consider the likely differences in strategic behavior between frequent RJV participants and other firms. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

How do Participants in Research Joint Ventures Diversify?

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1999 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007751210412
Publisher site
See Article on Publisher Site

Abstract

This paper investigates the incentives to participate in research joint ventures from the perspective of overall business diversification behavior. It presents evidence that: (a) RJVs tend to put together industrial activities differently than single firms; and, (b) the diversification decisions of RJV participants are triggered partly differently than the analogous decisions of firms that have not participated in the examined large set of RJVs. The results indicate that RJVs facilitate “experimentation.” They also indicate that the policy debate on inter-firm cooperation in R & D must consider the likely differences in strategic behavior between frequent RJV participants and other firms.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 15, 2004

References

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