IDEAS home Printed from https://ideas.repec.org/p/jen/jenasw/2003-17.html

Controlling Contractual Exchange Risks in R&D-Interfirm-Cooperation: An Empirical Study

Author

Listed:
  • Roland Helm

    (University of Jena, Faculty of Economics)

  • Martin Kloyer

    (University of Jena, Faculty of Economics)

Abstract

Suppliers and buyers of R&D-results perceive two exchange risks: first, the risk to achieve a lower profitability on the innovation return than the exchange partner, second, the risk of the partner becoming a competitor by unplanned, one-sided knowledge flows. Both risks motivate opportunistic behaviour. This paper deals with the reduction of the perceived supplier risks. The contractually guaranteed option on later negotiation of a continuous innovation return sharing is introduced. This option has not been considered as an instrument against exchange risks in theory, yet. The basis for such an option are contractual hostages. An empirical study analyses how effectively contractual hostages lower the perceived risks.

Suggested Citation

  • Roland Helm & Martin Kloyer, 2003. "Controlling Contractual Exchange Risks in R&D-Interfirm-Cooperation: An Empirical Study," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 17/2003, Friedrich Schiller University of Jena, School of of Economics and Business Administration.
    • Handle: RePEc:jen:jenasw:2003-17
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. is not listed on IDEAS
    2. Christian Engel & Ricky Hanzel & Roland Helm, 2015. "Gestaltung von internationalen Service-Netzwerken im industriellen Anlagengeschäft," Schmalenbach Journal of Business Research, Springer, vol. 67(69), pages 79-94, January.
    3. Bonte, Werner & Keilbach, Max, 2005. "Concubinage or marriage? Informal and formal cooperations for innovation," International Journal of Industrial Organization, Elsevier, vol. 23(3-4), pages 279-302, April.
    4. Kretschmer, Tobias & Banal-Estanol, Albert & Seldeslachts, Jo & Meloso, Debrah, 2017. "The Contingent Effect of Alliance Design on Alliance Dynamics and Performance: An Experimental Study," CEPR Discussion Papers 12512, C.E.P.R. Discussion Papers.
    5. Kloyer, Martin & Scholderer, Joachim, 2012. "Effective incomplete contracts and milestones in market-distant R&D collaboration," Research Policy, Elsevier, vol. 41(2), pages 346-357.
    6. Marco Furlotti, 2007. "There is more to contracts than incompleteness: a review and assessment of empirical research on inter-firm contract design," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 11(1), pages 61-99, March.
    7. Lee, Jeho & Park, Seung Ho & Ryu, Young & Baik, Yoon-Suk, 2010. "A hidden cost of strategic alliances under Schumpeterian dynamics," Research Policy, Elsevier, vol. 39(2), pages 229-238, March.
    8. João Augusto Ferreira Freire & Eduardo Gonçalves, 2022. "Cooperation in Innovative Efforts: a Systematic Literature Review," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 3364-3400, December.
    9. Roland Helm & Herbert Endres & Stefan Hüsig, 2019. "When and how often to externally commercialize technologies? a critical review of outbound open innovation," Review of Managerial Science, Springer, vol. 13(2), pages 327-345, April.
    10. Roland Helm & Martin Kloyer & Christin Aust, 2018. "R&D Collaboration Between Firms: Hard And Soft Antecedents Of Supplier Knowledge Sharing," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(01), pages 1-42, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jen:jenasw:2003-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Markus Pasche (email available below). General contact details of provider: https://www.wiwi.uni-jena.de/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.