Research Joint Ventures and Firm Level Performance

Benfratello, Luigi; Sembenelli, Alessandro

doi:10.2139/ssrn.229252

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Research Joint Ventures and Firm Level Performance

21 Pages Posted: 18 Jul 2000

See all articles by Luigi Benfratello

Luigi Benfratello

University of Turin - Department of Economics and Financial Sciences G. Prato; CERIS-CNR

Alessandro Sembenelli

University of Turin - Department of Economics and Financial Sciences G. Prato

Date Written: January 2000

Abstract

In this paper we test whether participation in EU sponsored Research Joint Ventures (RJVs) has a positive impact on participating firms' performance. We apply our statistical methodology to RJVs sponsored under two different programmes: EUREKA and (3rd and 4th) Programme Frameworks for Science and Technology (PFST). Overall results show a positive association between participation, labour and total factor productivity, and price cost margin only in the case of EUREKA. On the contrary, firms participating FPST RJVs do not show any clear pattern. performance

Keywords: Research Joint Ventures, European Union, economic

JEL Classification: O31, O38

Suggested Citation: Suggested Citation

Benfratello, Luigi and Sembenelli, Alessandro, Research Joint Ventures and Firm Level Performance (January 2000). Available at SSRN: https://ssrn.com/abstract=229252 or http://dx.doi.org/10.2139/ssrn.229252