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Article
The impact of participation in R&D programs on R&D partnerships
Research Policy (2008)
  • Andrea Fernandez-Ribas, Georgia Institute of Technology
  • Isabel Busom
Abstract

R&D subsidies designed to encourage innovation efforts by firms may have intended and unintended effects on the way they organize their innovation process. We present empirical evidence on how R&D subsidies affect firms’ R&D cooperation strategies. In particular, we investigate whether receiving public R&D subsidies affect the probability that a firm will set up an R&D partnership with a public research organization (PRO), or with other firms. Our main findings are: (i) public support significantly increases the chances that a firm will cooperate with a PRO, and (ii) public support also increases the likelihood that a firm will establish private partnerships, but to a smaller extent and only when firms have intangible knowledge assets. These results suggest that public R&D programmes trigger a behavioural change in firms’ R&D partnerships, alleviating barriers to cooperation.

Keywords
  • R&D,
  • Vertical cooperation,
  • Public–private partnerships,
  • Innovation policy
Publication Date
March, 2008
Citation Information
Andrea Fernandez-Ribas and Isabel Busom. "The impact of participation in R&D programs on R&D partnerships" Research Policy Vol. 37 Iss. 2 (2008)
Available at: http://works.bepress.com/afribas/2/