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Inter-organizational collaboration and financing constraints for R&D

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  • Czarnitzki, Dirk
  • Hottenrott, Hanna

Abstract

R&D collaborations that combine resources and exploit complementary expertise contribute to the successful creation and implementation of new knowledge. Collaborative R&D may further be a way in which firms cope with financing constraints. Based on panel data for a large sample of R&D-active firms, findings provide empirical support for this hypothesis. Results show that collaborating firms rely less on internal funding for research than others even when accounting for firms’ selection into collaborations.

Suggested Citation

  • Czarnitzki, Dirk & Hottenrott, Hanna, 2017. "Inter-organizational collaboration and financing constraints for R&D," Economics Letters, Elsevier, vol. 161(C), pages 15-18.
    • Handle: RePEc:eee:ecolet:v:161:y:2017:i:c:p:15-18
    DOI: 10.1016/j.econlet.2017.09.008
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    References listed on IDEAS

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    5. Hanna Hottenrott & Bronwyn H. Hall & Dirk Czarnitzki, 2016. "Patents as quality signals? The implications for financing constraints on R&D," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 25(3), pages 197-217, April.
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    8. Hall, Bronwyn H. & Lerner, Josh, 2010. "The Financing of R&D and Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 609-639, Elsevier.
    9. Mowery, David C. & Oxley, Joanne E. & Silverman, Brian S., 1998. "Technological overlap and interfirm cooperation: implications for the resource-based view of the firm," Research Policy, Elsevier, vol. 27(5), pages 507-523, September.
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    Cited by:

    1. Patrick sergio NZUGUEM KOUAM & Aurel Merlin LATI KINMENE & Simplice Gaël TONMO & Laurent NDJANYOU, 2023. "Contraintes financières et capacités d’innovation des petites et moyennes entreprises en période de crise," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 14(2), pages 142-161, December.
    2. Bracht, Felix & Czarnitzki, Dirk, 2022. "Patent collateral and access to debt," ZEW Discussion Papers 22-033, ZEW - Leibniz Centre for European Economic Research.
    3. Paola D’Orazio & Marco Valente, 2018. "Do Financial Constraints Hamper Environmental Innovation Diffusion? An Agent-Based Approach," SPRU Working Paper Series 2018-10, SPRU - Science Policy Research Unit, University of Sussex Business School.
    4. Michael Cary & Taylor Rockwell, 2020. "International Collaboration in Open Access Publications: How Income Shapes International Collaboration," Publications, MDPI, vol. 8(1), pages 1-24, February.
    5. Banholzer, Nicolas & Behrens, Vanessa & Feuerriegel, Stefan & Heinrich, Sebastian & Rammer, Christian & Schmoch, Ulrich & Seliger, Florian & Wörter, Martin, 2019. "Knowledge spillovers from product and process inventions in patents and their impact on firm performance. End report," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 222367.
    6. Dirk Czarnitzki & Marek Giebel, 2021. "Financial Constraints for R&D and Innovation: New Evidence from a Survey Experiment," Working Papers of Department of Management, Strategy and Innovation, Leuven 683800, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.

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    More about this item

    Keywords

    Research and development; Liquidity constraints; Collaborative research; Industry-science links; Innovation policy;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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