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Le choix de la forme organisationnelle en matière d’investissement en R&D à l’étranger par les firmes multinationales:la contribution de la théorie des coûts de transaction

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  • Dhikra Chebbi Nekhili

    () (Université de Bourgogne)

Abstract

(VF)L’objectif de ce papier est d’évaluer la contribution de la théorie des coûts de transaction à l’explication du choix du mode de gouvernance des activités de R&D à l’étranger par les firmes multinationales. Nous avons identifié principalement trois grandes formes organisationnelles en matière d’investissement en R&D à l’étranger:l’internalisation totale, les alliances en R&D et l’externalisation totale (licences unilatérales). Suite à une étude quantitative par le biais d’un questionnaire diffusé auprès de 769 firmes multinationales, nos principaux résultats montrent que le choix de l’internalisation des activités de R&D est favorisé en cas de fréquence élevée des transactions, le choix des licences unilatérales est désavantagé en cas de spécificité des activités de R&D et d’incertitude technologique et le choix des alliances avec prise de participation, contrairement aux alliances sans prise de participation, est favorisé en cas d’incertitude commerciale.(VA)The objective of this paper is to assess the contribution of the transaction costs theory in explaining the choice of the governance mode of R&D activities abroad by multinational firms. We identified three main organizational forms: the complete internalization, the R&D alliances, and the complete externalisation (unilateral licensing agreements). We conducted a quantitative study through a questionnaire sent to 769 multinational firms. Our main results show that the R&D internalisation is chosen in case of high frequency of R&D transactions, the unilateral licensing agreements are underprivileged in case of technological uncertainty and specific character of R&D activities and the equity alliances are chosen, by contrary to the non-equity alliances, in case of commercial uncertainty.

Suggested Citation

  • Dhikra Chebbi Nekhili, 2008. "Le choix de la forme organisationnelle en matière d’investissement en R&D à l’étranger par les firmes multinationales:la contribution de la théorie des coûts de transaction," Revue Finance Contrôle Stratégie, revues.org, vol. 11(3), pages 155-188, September.
  • Handle: RePEc:dij:revfcs:v:11:y:2008:i:q3:p:155-188.
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    References listed on IDEAS

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    1. Perry, Monica L. & Sengupta, Sanjit & Krapfel, Robert, 2004. "Effectiveness of horizontal strategic alliances in technologically uncertain environments: are trust and commitment enough?," Journal of Business Research, Elsevier, vol. 57(9), pages 951-956, September.
    2. Mehdi Nekhili, 1999. "Le choix du type et de la maturité de la dette par les firmes françaises," Revue Finance Contrôle Stratégie, revues.org, vol. 2(3), pages 179-206, September.
    3. Steven Tadelis & Oliver E.Williamson, 2012. "Transaction Cost Economics," Introductory Chapters,in: Robert Gibbons & John Roberts (ed.), : The Handbook of Organizational Economics Princeton University Press.
    4. M Krishna Erramilli, 1996. "Nationality and Subsidiary Ownership Patterns in Multinational Corporations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 27(2), pages 225-248, June.
    5. Ginarte, Juan C. & Park, Walter G., 1997. "Determinants of patent rights: A cross-national study," Research Policy, Elsevier, vol. 26(3), pages 283-301, October.
    6. Pisano, Gary P, 1989. "Using Equity Participation to Support Exchange: Evidence from the Biotechnology Industry," Journal of Law, Economics, and Organization, Oxford University Press, vol. 5(1), pages 109-126, Spring.
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    Keywords

    formes organisationnelles; théorie des coûts de transaction; R&D; firmes multinationales; organizational forms; transaction costs theory; R&D; multinational firms;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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