An econometric analysis of trends in research joint venture activity
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Albert N. Link, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: Edith Penrose noted that firms may need to rely on research joint ventures (RJVs) to acquire access to resources that can help them achieve and sustain a competitive advantage. We estimate an econometric model of the propensity of firms to disclose their intention to engage in RJVs, in order to explain the recent precipitous decline in RJVs filed with the US Department of Justice. We find that RJV activity is inversely related to the competitive position of US firms in global high-technology industries and that the establishment of the US Commerce Department's Advanced Technology Program (ATP) induced a structural change in the propensity of firms to engage in RJVs. Thus, two factors may explain the recent downturn in RJVs: a substantial improvement in US global performance in high-technology markets and a sharp decline in ATP funding.
An econometric analysis of trends in research joint venture activity
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Created on 3/8/2022
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Additional Information
- Publication
- Managerial and Decision Economics, 2005, 26: 149-158. https://doi.org/10.1002/mde.1209
- Language: English
- Date: 2005
- Keywords
- research joint ventures, RJVs, Advanced Technology Program (ATP), research and development