R&D Cooperation in a Transaction Cost Perspective |
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Authors: | Oerlemans Leon A. G. Meeus Marius T. H. |
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Affiliation: | (1) Eindhoven Centre for Innovation Studies, Eindhoven University of Technology, Faculty of Technology Management, P.O. Box 513, Building DG 1.09, NL-5600 MB Eindhoven, The Netherlands |
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Abstract: | This paper investigates R&Dcooperation between buyers and suppliers, drawing bothon transaction cost theory and resource-based theoryof the firm. Results of logistic regression analyses,using a unique firm-level database containing 689manufacturing firms located in a Dutch region, supportassumptions of transaction cost theory. Frequentknowledge transfer and moderate and high levels ofasset specificity increase probabilities of R&Dcooperation. In particular, Williamson's assumptionsconcerning the moderating influences of uncertainty onbilateral governance are confirmed. Extending theoriginal transaction cost model with indicatorsderived from resource based theory of the firmincreases the performance of the model. |
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Keywords: | Logistic regression models R& D cooperation transaction cost theory |
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