Abstract
The research question we investigate is under what conditions will joint ventures engage in research and development (R&D) activity within the context of a global, high-technology environment. To explore this question, we examine the collective impact of initial conditions that influence the presence of R&D activity among joint ventures (JVs) formed in the global biotechnology industry. Our investigation is driven by two streams of research in joint ventures: transaction costs and initial conditions. Specifically, we examine whether business relatedness, cultural relatedness, country risk, and prior joint venture experience are related to R&D activity in joint ventures. Our results show that cultural relatedness and country risk factors do matter when it comes to R&D activity in biotechnology joint ventures. On the other hand, business similarities and prior JV experience between the parents do not seem to be as important as one might expect.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 33-49 |
| Number of pages | 17 |
| Journal | Journal of International Management |
| Volume | 9 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jan 1 2003 |
All Science Journal Classification (ASJC) codes
- Business and International Management
- Finance
- Strategy and Management