Dynamic entrepreneurship: On the performance of U.S. research joint ventures

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Jeremy W. Bray, Professor and Department Head (Creator)
Albert N. Link, Professor (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: In this paper, we present descriptive findings on the research success of U.S. research joint ventures (RJVs). Using survey-based data of a sample of U.S. RJVs, we build on the theory of dynamic entrepreneurship to develop an empirical model of cross-RJV differences in performance. We find that ventures that include a university as a research member are relatively more successful, measured in terms of research goals completed, than ventures that do not. We also find that those RJVs that have a longer research duration and that are led by a firm with prior RJV experience are similarly more successful. Our empirical analysis also shows that membership size is not a significant covariate with research success. We conclude the paper with a call for additional research and with a policy statement that is based on our finding of a positive and significant relationship between university membership and RJV success.

Additional Information

Publication
Small Business Economics 49, 785–797
Language: English
Date: 2017
Keywords
research joint venture (RJV), National Cooperative Research Act (NCRA), R&D, universities, innovation, networks

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