Dynamic Entrepreneurship: On the Performance of U.S. Research Joint Ventures
Jeremy Bray and
No 17-3, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics
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)
New Economics Papers: this item is included in nep-ent, nep-ino and nep-sbm
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Journal Article: Dynamic entrepreneurship: On the performance of U.S. research joint ventures (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2017_003
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