A hidden cost of strategic alliances under Schumpeterian dynamics

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Recently, proponents of interfirm R&D collaboration have emphasized its benefits. We develop a dynamic model of Schumpeterian competition to examine whether Such collaboration is indeed beneficial in the long run. We find that interfirm R&D collaboration is more likely to be a losing Strategy when Partners form alliances mainly to reduce R&D costs. On the other hand, partners collaborating to seek synergy by accessing each other's complementary assets/capabilities are more likely to be successful. Out study suggests that firms should not use strategic alliances Merely to reduce R&D costs in a catch-up situation or to avoid head-on competition with rivals. (C) 2009 Elsevier B.V. All rights reserved.
Publisher
ELSEVIER SCIENCE BV
Issue Date
2010-03
Language
English
Article Type
Article
Keywords

RESEARCH-AND-DEVELOPMENT; INTERFIRM COOPERATION; JOINT VENTURES; COMPETITION; INNOVATION; NETWORKS; FIRMS; BIOTECHNOLOGY; EXPLOITATION; ORGANIZATION

Citation

RESEARCH POLICY, v.39, no.2, pp.229 - 238

ISSN
0048-7333
DOI
10.1016/j.respol.2009.12.004
URI
http://hdl.handle.net/10203/23081
Appears in Collection
MT-Journal Papers(저널논문)
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