Embracing an Entrepreneurial Ecosystem: An Analysis of the Governance of Research Joint Ventures

David Audretsch () and Albert Link

No 17-11, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: In this paper, we examine how one important type of relationship, research joint ventures (RJVs), is governed within the context of an entrepreneurial ecosystem. Based on agency theory, we investigate the relationship between the governance structure of an RJV and the likelihood that the venture will embrace elements of its research-based ecosystem, that is, the likelihood that the RJV will invite a university to become a research member of the venture. Using data from the National Research Joint Venture Database, we find that when the governance structure of the RJV affords the organizer/leader and research director (the principal) the ability to exert control over the activities of the other members of the RJV (the agents), universities are less likely to be invited to participate as a research member.

Keywords: Research Joint Venture; R&D; Technology; Entrepreneurship; Innovation; Agency Theory (search for similar items in EconPapers)
JEL-codes: L26 O31 O32 O33 O34 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2017-08-05
New Economics Papers: this item is included in nep-ent and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Related works:
Journal Article: Embracing an entrepreneurial ecosystem: an analysis of the governance of research joint ventures (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2017_011

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