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

Jeremy Bray and Albert Link

Small Business Economics, 2017, vol. 49, issue 4, 785-797

Abstract: 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.

Keywords: Research joint venture (RJV); National Cooperative Research Act (NCRA); R&D; Universities; Innovation; Networks (search for similar items in EconPapers)
JEL-codes: O31 O32 O38 (search for similar items in EconPapers)
Date: 2017
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