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R&D Spillovers through RJV Cooperation

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

No 8507, CESifo Working Paper Series from CESifo

Abstract: We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and extend it to account for RJVs. Our main findings are that the adverse effects of product market rivalry are mitigated if firms cooperate in RJVs and that R&D spending is reduced among technologically close RJV participants.

Keywords: spillovers; R&D; research joint ventures; market value; patents (search for similar items in EconPapers)
JEL-codes: L24 L44 K21 O32 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-com and nep-tid
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