The Impact of R&D Alliance on the Survival of Newly Listed High Tech Firms

Vicar S. Valencia ()

Business and Economic Research, 2016, vol. 6, issue 2, 197-210

Abstract: This paper investigates the extent to which R&D alliance participation affects the survival performance of newly listed high tech firms. The estimation strategy identifies the impact through changes on a firm's alliance status. Using longitudinal data on high tech firms that had an initial public offering in the United States, results suggest that R&D collaborating firms experience greater survival, relative to non-R&D collaborating firms. In particular, participation in an R&D alliance is associated with an attenuation of delistment due to poor financial performance.

Keywords: R&D alliance; Survival; Delistment; High tech firms; Initial public offering (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mth:ber888:v:6:y:2016:i:2:p:197-210

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