Research joint ventures and firm level performance

Research joint ventures and firm level performance

In this paper, we test whether participation in EU sponsored research joint ventures (RJVs) has a positive impact on participating firms’ performance. We apply our statistical methodology to RJVs sponsored under two different programs: EUREKA and (3rd and 4th) Framework Programs for Science and Tech...

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Veröffentlicht in:Research policy 2002-05, Vol.31 (4), p.493-507
Hauptverfasser: Benfratello, Luigi, Sembenelli, Alessandro
Format: Artikel
Sprache:eng
Schlagworte:
Economic performance
European Union
Financial performance
Joint ventures
R&D
Research & development
Research joint ventures
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Zusammenfassung:In this paper, we test whether participation in EU sponsored research joint ventures (RJVs) has a positive impact on participating firms’ performance. We apply our statistical methodology to RJVs sponsored under two different programs: EUREKA and (3rd and 4th) Framework Programs for Science and Technology (FPST). Overall results show quite a different impact for firms participating in the two programs: a positive association between participation, labour productivity and price cost margin in the case of EUREKA, while firms participating FPST RJVs do not show any clear pattern.
ISSN:0048-7333
1873-7625
DOI:10.1016/S0048-7333(01)00122-6