How do Participants in Research Joint Ventures Diversify?

How do Participants in Research Joint Ventures Diversify?

This paper investigates the incentives to participate in research joint ventures from the perspective of overall business diversification behavior. It presents evidence that: (a) RJVs tend to put together industrial activities differently than single firms; and, (b) the diversification decisions of...

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Bibliographic Details
Published in:Review of industrial organization Vol. 15; no. 3; pp. 263 - 281
Main Author: VONORTAS, NICHOLAS S.
Format: Journal Article
Language:English
Published: Boston Kluwer Academic Publishers 01-11-1999
Springer Nature B.V
Subjects:
Business structures
Co-operation
Cooperation
Diversification
Economic theory
Extractive industries
Industrial concentration
Industrial economics
Industrial growth
Industrial market
Information technology
Joint ventures
Manufacturing industries
Product diversification
Productivity policy
R&D
Research & development
Research and development
Strategic planning
Studies
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Summary:This paper investigates the incentives to participate in research joint ventures from the perspective of overall business diversification behavior. It presents evidence that: (a) RJVs tend to put together industrial activities differently than single firms; and, (b) the diversification decisions of RJV participants are triggered partly differently than the analogous decisions of firms that have not participated in the examined large set of RJVs. The results indicate that RJVs facilitate "experimentation." They also indicate that the policy debate on inter-firm cooperation in R&D must consider the likely differences in strategic behavior between frequent RJV participants and other firms.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0889-938X
1573-7160
DOI:10.1023/A:1007751210412