Direkt zum Inhalt

R&D Spillovers through RJV Cooperation

Referierte Aufsätze Web of Science

Albert Banal-Estañol, Tomaso Duso, Jo Seldeslachts, Florian Szücs

In: Research Policy 51 (2022), 4, 104465, 10 S.


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.

Jo Seldeslachts

Research Associate in the Firms and Markets Department

Tomaso Duso

Head of Department in the Firms and Markets Department

JEL-Classification: L24;L44;K21;O32
Keywords: Spillovers, Research joint ventures, R&D, Market value

Frei zugängliche Version: (econstor)