The Strategic Allocation of Inventors to R&D Collaborations
UC3M Working Paper Business Economics Series 16-01
50 Pages Posted: 28 Mar 2016 Last revised: 7 Sep 2019
Date Written: March 25, 2016
In this paper, we suggest that the allocation of inventors can reduce the inherent tension between value creation and value protection a firm faces when engaging in R&D alliances. By considering the inventor's technical fit as a necessary condition for value creation, we analyze the role of the strength of protection of the inventor's set of knowledge in decreasing the threat of misappropriation by partner firms. We rely on patent ownership and inventorship data to analyze the selection of individuals for R&D collaborations in the pharmaceutical industry between 1991 and 2010. Our results suggest that the inventor's strength of knowledge protection is an important determinant in the allocation decision for collaboration, since it contributes to offset leakage risks in the alliance.
Keywords: R&D, Collaboration, Technology Leakage, Co-Patents, Inventors
JEL Classification: J24, L65, O31, O32, O34
Suggested Citation: Suggested Citation