An econometric analysis of trends in research joint venture activity

Albert N. Link, David Paton, Donald Siegel

Research output: Contribution to journalArticle

16 Citations (Scopus)

Abstract

Edith Penrose noted that firms may need to rely on research joint ventures (RJVs) to acquire access to resources that can help them achieve and sustain a competitive advantage. We estimate an econometric model of the propensity of firms to disclose their intention to engage in RJVs, in order to explain the recent precipitous decline in RJVs filed with the US Department of Justice. We find that RJV activity is inversely related to the competitive position of US firms in global high-technology industries and that the establishment of the US Commerce Department's Advanced Technology Program (ATP) induced a structural change in the propensity of firms to engage in RJVs. Thus, two factors may explain the recent downturn in RJVs: a substantial improvement in US global performance in high-technology markets and a sharp decline in ATP funding.

Original languageEnglish (US)
Pages (from-to)149-158
Number of pages10
JournalManagerial and Decision Economics
Volume26
Issue number2
DOIs
StatePublished - Mar 1 2005
Externally publishedYes

Fingerprint

Research joint ventures
Econometric analysis
Industry
Propensity
Econometric models
Factors
High technology market
Structural change
Edith Penrose
Competitive advantage
Funding
Commerce
Justice
Resources
High technology industry

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

Cite this

An econometric analysis of trends in research joint venture activity. / Link, Albert N.; Paton, David; Siegel, Donald.

In: Managerial and Decision Economics, Vol. 26, No. 2, 01.03.2005, p. 149-158.

Research output: Contribution to journalArticle

@article{f568c693d5034656a6ea08ff0e5c4cc8,
title = "An econometric analysis of trends in research joint venture activity",
abstract = "Edith Penrose noted that firms may need to rely on research joint ventures (RJVs) to acquire access to resources that can help them achieve and sustain a competitive advantage. We estimate an econometric model of the propensity of firms to disclose their intention to engage in RJVs, in order to explain the recent precipitous decline in RJVs filed with the US Department of Justice. We find that RJV activity is inversely related to the competitive position of US firms in global high-technology industries and that the establishment of the US Commerce Department's Advanced Technology Program (ATP) induced a structural change in the propensity of firms to engage in RJVs. Thus, two factors may explain the recent downturn in RJVs: a substantial improvement in US global performance in high-technology markets and a sharp decline in ATP funding.",
author = "Link, {Albert N.} and David Paton and Donald Siegel",
year = "2005",
month = "3",
day = "1",
doi = "10.1002/mde.1209",
language = "English (US)",
volume = "26",
pages = "149--158",
journal = "Managerial and Decision Economics",
issn = "0143-6570",
publisher = "John Wiley and Sons Ltd",
number = "2",

}

TY - JOUR

T1 - An econometric analysis of trends in research joint venture activity

AU - Link, Albert N.

AU - Paton, David

AU - Siegel, Donald

PY - 2005/3/1

Y1 - 2005/3/1

N2 - Edith Penrose noted that firms may need to rely on research joint ventures (RJVs) to acquire access to resources that can help them achieve and sustain a competitive advantage. We estimate an econometric model of the propensity of firms to disclose their intention to engage in RJVs, in order to explain the recent precipitous decline in RJVs filed with the US Department of Justice. We find that RJV activity is inversely related to the competitive position of US firms in global high-technology industries and that the establishment of the US Commerce Department's Advanced Technology Program (ATP) induced a structural change in the propensity of firms to engage in RJVs. Thus, two factors may explain the recent downturn in RJVs: a substantial improvement in US global performance in high-technology markets and a sharp decline in ATP funding.

AB - Edith Penrose noted that firms may need to rely on research joint ventures (RJVs) to acquire access to resources that can help them achieve and sustain a competitive advantage. We estimate an econometric model of the propensity of firms to disclose their intention to engage in RJVs, in order to explain the recent precipitous decline in RJVs filed with the US Department of Justice. We find that RJV activity is inversely related to the competitive position of US firms in global high-technology industries and that the establishment of the US Commerce Department's Advanced Technology Program (ATP) induced a structural change in the propensity of firms to engage in RJVs. Thus, two factors may explain the recent downturn in RJVs: a substantial improvement in US global performance in high-technology markets and a sharp decline in ATP funding.

UR - http://www.scopus.com/inward/record.url?scp=15544364607&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=15544364607&partnerID=8YFLogxK

U2 - 10.1002/mde.1209

DO - 10.1002/mde.1209

M3 - Article

VL - 26

SP - 149

EP - 158

JO - Managerial and Decision Economics

JF - Managerial and Decision Economics

SN - 0143-6570

IS - 2

ER -