Journal article
Joint venture research and development activity: an analysis of the international biotechnology industry
Journal of international management, v 9(1), pp 33-49
2003
Abstract
The research question we investigate is under what conditions will joint ventures engage in research and development (R&D) activity within the context of a global, high-technology environment. To explore this question, we examine the collective impact of initial conditions that influence the presence of R&D activity among joint ventures (JVs) formed in the global biotechnology industry. Our investigation is driven by two streams of research in joint ventures: transaction costs and initial conditions. Specifically, we examine whether business relatedness, cultural relatedness, country risk, and prior joint venture experience are related to R&D activity in joint ventures. Our results show that cultural relatedness and country risk factors do matter when it comes to R&D activity in biotechnology joint ventures. On the other hand, business similarities and prior JV experience between the parents do not seem to be as important as one might expect.
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33 citations in Scopus
Details
- Title
- Joint venture research and development activity: an analysis of the international biotechnology industry
- Creators
- Malika Richards - Drexel UniversityDonna Marie De Carolis - Drexel University
- Publication Details
- Journal of international management, v 9(1), pp 33-49
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Charles D. Close School of Entrepreneurship
- Scopus ID
- 2-s2.0-0037275779
- Other Identifier
- 991019238706604721