Barajas, A. and Huergo, E. and Moreno, L. (2012): The Impact of International Research Joint Ventures on SMEs Performance.
Download (101kB) | Preview
The objective of the present study is to analyse the effect of technological cooperation on SMEs performance consideringtwo dimensions: technological and economic results. For that purpose, we use a data set containing information about participants in research joint ventures supported by the SME-specific measures of the sixth Framework Programme. Empirical evidence corroborates a direct and positive impact on technological assets of participants. On the part of the economic indicators, EBITDA per employee and sales are positively influenced by the improvement of technological background. The same results are found for productivity. All those effects are effective in the medium term, confirming that SMEs use to be involved in market-oriented R&D projects.
|Item Type:||MPRA Paper|
|Original Title:||The Impact of International Research Joint Ventures on SMEs Performance|
|Keywords:||research joint ventures, SMEs, impact assessment|
|Subjects:||L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior
H - Public Economics > H8 - Miscellaneous Issues > H81 - Governmental Loans ; Loan Guarantees ; Credits ; Grants ; Bailouts
O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights
|Depositing User:||L Moreno|
|Date Deposited:||31. Jan 2012 13:41|
|Last Modified:||20. Oct 2015 20:22|
Aguiar, L. and P. Gagnepain (2011), "European Cooperative R&D and Firm Performance”, paper contributed to the ENTER Jambouree 2011, European Network for Training in Economic Research.
Arnold, E., T. Åström, P. Boekholt, N. Brown, B. Good, R. Holmberg, I. Meijer and G. van der Veen (2008), Impacts of the Framework Programme in Sweden. VINNOVA, Stockholm.
Audretsch, D. and M. Vivarelli (1996), “Firm size and R&D spillovers: evidence from Italy”, Small Business Economics 8, 249–258.
Bayona, C., T. García-Marco and E. Huerta (2001), “Firms’ motivation for cooperative R&D: An empirical analysis of Spanish firms”, Research Policy 31, 1289-1307.
Bayona-Sáez, C. and T. García-Marco (2010), “Assessing the effectiveness of the Eureka Program”, Research Policy 39, 1375–1386.
Barajas, A. and E. Huergo (2010), “International R&D Cooperation within the EU Framework Programme: Empirical Evidence for Spanish Firms”, Economics of Innovation and New Technology 19(1–2), 87–111.
Barajas, A., E. Huergo and L. Moreno (2011), “Measuring the economic impact of research joint ventures supported by the EU Framework Programme”, Journal of Technology Transfer, DOI: 10.1007/s10961-011-9222-y.
Barge-Gil, A. (2010), “Cooperation-based innovators and peripheral cooperators: An empirical analysis of their characteristics and behavior”, Technovation 30, 195–206.
Benfratello, L. and A. Sembenelli (2002), “Research joint ventures and firm level performance”, Research Policy 31, 493-507.
Belderbos, R., M. Carree, B. Diederen, B. Lokshin and R. Veugelers (2004), “Heterogeneity in R&D cooperation strategies”, International Journal of Industrial Organization 22, 1237– 1263.
Bougrain, F. and B. Haudeville (2002), “Innovation, collaboration and SMEs internal research capacities”, Research Policy 31, 735-747.
Branstetter, L.G. and M. Sakakibara (2002), “When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data”, American Economic Review 92(1), 143-159.
Cassiman, B. and R. Veugelers (2002), “R&D Cooperation and Spillovers: Some Empirical Evidence from Belgium”, American Economic Review 92(4), 1169-1184.
Cincera, M., L. Kempen, B. Van Pottelsberghe, R. Veugelers and C. Villegas (2003), “Productivity growth, R&D and the role of international collaborative agreements: Some evidence for Belgian manufacturing companies”, Brussels Economic Review 46(3), 107–140.
Cohen, W.M. and D.A. Levinthal (1990), “Absorptive Capacity: A New Perspective on Learning and Innovation”, Administrative Science Quarterly 35(1), 128-152.
Colombo, M.G., L. Grilli, S. Murtini, L. Piscitello and E. Piva (2009), “Effects of international R&D alliances on performance of high-tech start-ups: a longitudinal analysis”, Strategic Entrepreneurship Journal 3, 346-368.
Corrado, C.A., C.R. Hulten and D.E. Sichel (2005), “Measuring Capital and Technology: An Expanded Framework”, NBER Chapters, in: Measuring Capital in the New Economy, pages 11-46. National Bureau of Economic Research, Inc.
De Jong, J.P.J. and M. Frell (2010), “Absorptive capacity and the reach of collaboration in high technology small firms”, Research Policy 39, 47-54.
Dekker, R. and A.H. Kleinknecht (2008), “The EU Framework Programs: Are they worth doing?”, MPRA Paper, 8503. University of Munich.
European Commission (2003), SMEs in Europe 2003. The European Observatory for SMEs. Luxembourg: Office for Official Publications of the European Communities.
European Commission (2010), Impact assessment of the SME-specific measures of the Fifth and Sixth Framework Programmes for Research on their SME target groups outsourcing research. Brussels: DG Research.
Faems, D., B. Van Looyand and K. Debackere (2005), “The role of interorganizational collaboration within innovation strategies: towards a portfolio approach”, Journal of Product Innovation Management 22(3), 238-250.
Hao, J., V. Manole, and B. van Ark (2008), “Intangible Capital and Growth – An International Comparison”, Economics Program Working Paper Series, EPWP#8 -14, The Conference Board, New York.
Hernán, R., P. L. Marín and G. Siotis (2003), “An empirical evaluation of the determinants of Research Joint Venture Formation”, Journal of Industrial Economics 51(1), 75-89.
Huergo, E. and J. Jaumandreu (2004), “How does probability of process innovation change with firm age?”, Small Business Economics 22, 193-207.
Klepper, S. (1996), “Entry, exit, and innovation over the product life-cycle”, American Economic Review 86, 562-583.
Kleinknecht, A. and J. van Reijnen (1992), “Why do firms co-operate on R&D? An empirical study”, Research Policy 21, 341-360.
Lööf, H. and A. Broström (2008), “Does knowledge diffusion between university and Industry increase innovativeness?”, Journal of Technology Transfer 33(1), 73-90.
Lööf, H. and A. Heshmati (2002), “Knowledge capital and performance heterogeneity: a firm-level innovation study”, International Journal of Production Economics 76(1), 61–85.
López, A. (2008), “Determinants for R&D cooperation: Evidence from Spanish manufacturing firms”, International Journal of Industrial Organization 26(1), 113-136.
Luukkonen T. (1998), “The difficulties in assessing the impact of EU framework programmes”, Research Policy 27, 599-610.
Marín, P. L. and G. Siotis (2008), “Public policies towards Research Joint Ventures: Institutional design and participants’ characteristics”, Research Policy 37(6-7), 1057-1065.
Miotti, L. and F. Sachwald (2003), “Co-operative R&D: Why and with whom? An integrated framework of analysis”, Research Policy 32, 1481-99.
Mohnen, P. and C. Hoareau (2003), “What Type of Enterprise Forges Close Links with Universities and Government Labs? Evidence from CIS 2”, Managerial and Decision Economics 24(2-3), 133-145.
Moreno, L. and D. Rodríguez (2010), “Export activity, persistence and mark-ups”, Applied Economics 42(4), 475-488.
Mowery, D., J.E. Oxley and B.S. Silverman (1998), “Technological overlap and interfirm cooperation: implications for the resource-based view of the firm”, Research Policy 27(5), 507-523.
Narula, R. (2004), “R&D collaboration by SMEs: new opportunities and limitations in the face of globalisation”, Technovation 24, 153–161.
Negassi, S. (2004), “R&D co-operation and innovation a microeconometric study on French firms”, Research Policy 33, 365-384.
Nieto, M.J. and L. Santamaría (2010), “Technological collaboration: Bridging the innovation gap between small and large firms”, Journal of Small Business Management 48(1), 44-69.
OCDE (2009), OCDE Science, Technology and Industry Scoreboard 2009. Paris.
Polt, W., N. Vonortas and R. Fisher (2008), Innovation Impact, Final report to the European Commission, Brussels: DG Research.
Roth, F. and A.E. Thum (2010), “Does intangible capital affect economic growth?”, CEPS Working Document 335.
Rothwell, R. and M. Dodgson (1991), “External linkages and innovation in small and medium-sized enterprises”, R&D Management 21, 125–137.
Scott, T.S. (2003), “Absorptive Capacity and the Efficiency of Research Partnerships”, Technology Analysis and Strategic Management 15(2), 247-253
Santamaría, L. and J. Rialp (2007), “Determinantes de la elección del socio tecnológico: especificidades sectoriales y de tamaño”, Cuadernos Económicos del ICE 73, 37-64.
Segarra-Blasco, A. and J.M. Arauzo-Carod (2008), “Sources of innovation and industry–university interaction: Evidence from Spanish firms”, Research Policy 37, 1283–1295.
Van Ark, B., J.X. Hao, A.C. Corrado and C. Hulten (2009), “Measuring Intangible Capital and its Contribution to Growth in Europe”, European Investment Bank Papers 3/2009, European Investment Bank, Economic and Financial Studies.
Available Versions of this Item
- The Impact of International Research Joint Ventures on SMEs Performance. (deposited 31. Jan 2012 13:41) [Currently Displayed]