Business Strategy and Public Policy
Edited by Yannis Caloghirou, Nicholas S. Vonortas and Stavros Ioannides
Chapter 4: RJV Formation by European Firms: Strategic Considerations
4. RJV formation by European ﬁrms: strategic considerations Aggelos Tsakanikas and Yannis Caloghirou A ﬁrst look at the issue of publicly funded R&D collaboration in Europe has been presented in the previous chapter, drawing on information from the EU RJV and EUREKA RJV databases. While this information is useful in determining the overall characteristics of RJVs and of participating organizations, thus illustrating the context of these ventures, it cannot assist in studying the motives of RJV participants for joining collaborative R&D ventures. The linkage of these participations with the internal activities of the ﬁrm, their special characteristics in terms of strategy, and their business environment are rather absent from such an approach. In order to study the latter in depth, it is necessary to complement the information from the databases with qualitative data at ﬁrm level, obtained through ﬁeld research. This could represent a more subjective approach as the analysis is grounded on the respondents’ thoughts and beliefs regarding RJVs. Therefore, ﬁeld research was necessary in order to obtain the supplementary information required, which would help us evaluate eﬀectiveness of policy towards RJVs. As Sakakibara (2001) has already pointed out, there is a surprisingly small body of empirical evidence on cooperative R&D, with comprehensive empirical research being almost non-existing. Hence, this survey provides a unique opportunity for an extensive cross-sectional and more systematic analysis on funded R&D collaborations. The survey questionnaire was designed by taking into consideration that the decision of a ﬁrm to participate...
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