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URL:
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https://ub-madoc.bib.uni-mannheim.de/32496
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URN:
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urn:nbn:de:bsz:180-madoc-324963
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Document Type:
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Working paper
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Year of publication:
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2012
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The title of a journal, publication series:
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ZEW Discussion Papers
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Volume:
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12-049
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Place of publication:
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Mannheim
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Publication language:
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English
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Institution:
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Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
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MADOC publication series:
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Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
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Subject:
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330 Economics
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Classification:
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JEL:
O31 , O32 , O38,
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Subject headings (SWD):
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Industrielle Forschung , Forschungskooperation , Forschungsfinanzierung , Verschuldungsrestriktion , Schätzung , Flandern , Belgien
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Keywords (English):
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Collaborative research , industry-science links , research and development , liquidity constraints , innovation policy
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Abstract:
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The ability of firms to establish R&D collaborations that combine resources, exploit
complementary know-how, and internalize R&D externalities has been shown to be
of high importance for the successful creation and implementation of new
knowledge. We argue in this article that collaborative R&D may not only be
beneficial in terms of appropriability of returns to R&D investment, access to the
partner’s knowledge base and the exploitation of scale and scope in R&D, but that
it may also be a strategy to cope with financing constraints for R&D. Studying
panel data we show that collaboration with science alleviates liquidity constraints
for research. Horizontal collaboration reduces liquidity constraints for both research
as well as R and D. Vertical collaboration has no such effects.
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ZEW Discussion Papers
Mannheim
12-049
[Working paper]
![[img]](https://madoc.bib.uni-mannheim.de/style/images/fileicons/application_pdf.png)
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