The Dynamics of Research Joint Ventures: A Panel Data Analysis
AbstractThe aim of this paper is to test the determinants of Research Joint Venturesâ€™ (RJVs) group dynamics. We look at entry, exit and turbulence in RJVs that have been set up under the US National Cooperative Research Act, which allows for certain antitrust exemptions in order to stimulate firms to cooperate in R&D. Accounting for unobserved project characteristics and controlling for inter-RJV interactions and industry effects, the Tobit panel regressions show the importance of group and time features for an RJVâ€™s evolution. We further identify an average RJVâ€™s long-term equilibrium size and assess its determining factors. Ours is a first attempt to produce robust stylized facts about cooperational short- and long-term dynamics, an important but neglected dimension in research cooperations.
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Bibliographic InfoPaper provided by Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich in its series Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems with number 221.
Date of creation: Oct 2007
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research joint ventures; dynamics; panel data;
Other versions of this item:
- Tomaso Duso & Enrico Pennings & Jo Seldeslachts, 2008. "The Dynamics of Research Joint Ventures: A Panel Data Analysis," CIG Working Papers SP II 2007-12, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-01-05 (All new papers)
- NEP-CSE-2008-01-05 (Economics of Strategic Management)
- NEP-ENT-2008-01-05 (Entrepreneurship)
- NEP-INO-2008-01-05 (Innovation)
- NEP-TID-2008-01-05 (Technology & Industrial Dynamics)
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