R&D Spillovers through RJV Cooperation

Albert Banal-Estañol, Tomaso Duso, Jo Seldeslachts and Florian Szücs

No 690218, Working Papers of Department of Management, Strategy and Innovation, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven

Abstract: We investigate how R&D spillovers propagate across firms linked through Research Joint Ventures (RJVs). Building on the framework developed by ? 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.

Keywords: Spillovers; Research Joint Ventures; R&D; Market Value (search for similar items in EconPapers)
Pages: 32
Date: 2022-02-11
New Economics Papers: this item is included in nep-com, nep-cse, nep-dem and nep-tid
Note: paper number MSI_2202
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Published in FEB Research Report MSI_2202, pages 1-32

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https://lirias.kuleuven.be/retrieve/652317 Published version (application/pdf)

Related works:
Journal Article: R&D spillovers through RJV cooperation (2022)
Journal Article: R&D Spillovers through RJV Cooperation (2022)
Working Paper: R&D Spillovers through RJV Cooperation (2020)
Working Paper: R&D Spillovers through RJV Cooperation (2020)
Working Paper: R&D Spillovers throught RJV Cooperation (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ete:msiper:690218

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