An Empirical Evaluation Of The Determinants Of Research Joint Venture Formation

Georges Siotis, Marín Uribe, Pedro Luis and Hernán, Roberto
Authors registered in the RePEc Author Service: Roberto Hernán González

No 2442, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper empirically analyses the determinants of firm participation in Research Joint Ventures (RJVs). A review of the theoretical literature highlights the difficulty of identifying a set of testable hypotheses. Using a large database of European RJVs, we estimate two participation equations at the firm level using the logit procedure. We find that sectoral R&D intensity positively influences the probability of forming an RJV. The presence of technological spillovers has a positive effect on RJV formation, but this is restricted to R&D intensive industries. A minimum level of industry concentration is needed for RJVs to be formed. Last, firm size and past experience with research cooperation increases the likelihood of RJV formation.

Keywords: R&d; Research joint ventures; Spilllovers (search for similar items in EconPapers)
JEL-codes: C25 L13 O31 (search for similar items in EconPapers)
Date: 2000-05
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Citations: View citations in EconPapers (2)

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Journal Article: An empirical evaluation of the determinants of Research Joint Venture Formation (2003)
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