Quotation Szücs, Florian, Duso, Tomaso, Banal-Estanol, Albert, Seldeslachts, Jo. 2022. R&D spillovers through RJV cooperation. Research Policy (RP).


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Abstract

We investigate how R&D spillovers propagate across firms linked through Research Joint Ventures (RJVs). Building on the framework developed by Bloom et al. (2013) which considers the opposing effects of knowledge spillovers and product market rivalry, we extend the model to account for RJV cooperation. Since the firm’s decision to join a RJV is endogenous, we build a model of RJV participation. The outcome equations and RJV participation are then jointly estimated in an endogenous treatment regression model. Our main findings are that the adverse effects of product market rivalry are mitigated if firms cooperate in RJVs; and that RJV participation allows firms to better absorb technological spillovers and, thus, create value.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Research Policy (RP)
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, MAN-A, STRAT-A, VW-B, WH-A
Language English
Title R&D spillovers through RJV cooperation
Year 2022
Reviewed? Y
URL https://www.sciencedirect.com/science/article/pii/S0048733321002572?via%3Dihub
DOI https://doi.org/10.1016/j.respol.2021.104465
Open Access N

Associations

People
Szücs, Florian (Details)
External
Banal-Estanol, Albert (Pompeu Fabra, Spain)
Duso, Tomaso (DIW, Germany)
Seldeslachts, Jo (KU Leuven, Belgium)
Organization
Department of Economics (Szücs) (Details)
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