R&D Spillovers through RJV Cooperation

Artikel

We investigate how R&D spillovers propagate across firms linked through Research Joint Ventures (RJVs). Building on the framework developed by Bloom et al. (2013) which considers the opposing effects of knowledge spillovers and product market rivalry, we extend the model to account for RJV cooperation. Since the firm’s decision to join a RJV is endogenous, we build a model of RJV participation. The outcome equations and RJV participation are then jointly estimated in an endogenous treatment regression model. Our main findings are that the adverse effects of product market rivalry are mitigated if firms cooperate in RJVs; and that RJV participation allows firms to better absorb technological spillovers and, thus, create value.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Research Policy ; ISSN: 1873-7625 ; Volume: 51 ; Year: 2022 ; Issue: 4 ; Pages: 1-10 ; Amsterdam: Elsevier

Classification and Topics

• Classification: Wirtschaft ; Contracting Out; Joint Ventures; Technology Licensing ; Antitrust Policy and Public Enterprises, Nonprofit Institutions, and Professional Organizations ; Antitrust Law ; Management of Technological Innovation and R&D
• Subject: Spillovers ; Research joint ventures ; R&D ; Market value

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Banal-Estañol, Albert ; Duso, Tomaso ; Seldeslachts, Jo ; Szücs, Florian
• Event: Veröffentlichung
• (who): Elsevier ; ZBW - Leibniz Information Centre for Economics
• (where): Amsterdam
• (when): 2022

Further information

• DOI: doi:10.1016/j.respol.2021.104465
• Handle: http://hdl.handle.net/10419/284364
• Last update: 10.03.2025, 11:45 AM CET