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An Empirical Evaluation Of The Determinants Of Research Joint Venture Formation

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  • Hernán, Roberto
  • Marín Uribe, Pedro Luis
  • Siotis, Georges

Abstract

This paper empirically analyses the determinants of firm participation in Research Joint Ventures (RJVs). A review of the theoretical literature highlights the difficulty of identifying a set of testable hypotheses. Using a large database of European RJVs, we estimate two participation equations at the firm level using the logit procedure. We find that sectoral R&D intensity positively influences the probability of forming an RJV. The presence of technological spillovers has a positive effect on RJV formation, but this is restricted to R&D intensive industries. A minimum level of industry concentration is needed for RJVs to be formed. Last, firm size and past experience with research cooperation increases the likelihood of RJV formation.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 2442.

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Date of creation: May 2000
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Handle: RePEc:cpr:ceprdp:2442

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Keywords: R&D; Research Joint Ventures; Spilllovers;

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