Effects of International R&D alliances on performance of high-tech start-ups: a longitudinal analysis

Luca Grilli, Samuele Murtinu, Massimo G. Colombo, Lucia Piscitello, Evila Piva

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

Abstract

In this article, we use the theoretical lens of resource and competence-based perspectives and global strategic network theory to analyze the effects of international R&D alliances on the performance of high-tech start-ups. In the empirical section of the article, we consider the European Union-funded international R&D alliances established by a large sample of Italian high-tech start-ups over the period from 1994 to 2003. We measure fi rm performance through total factor productivity, and we resort to generalized method of moments system estimates to detect the treatment effect of alliance formation according to type and home country of the partners. The econometric results suggest that international R&D alliances are most benefi cial to high-tech start-ups if (1) they involve industrial partners located in a variety of countries and (2) these countries are closer to world knowledge sources.
Lingua originaleEnglish
pagine (da-a)346-368
Numero di pagine23
RivistaStrategic Entrepreneurship Journal
Volume3
DOI
Stato di pubblicazionePubblicato - 2009

Keywords

  • global strategic networks
  • international R&D alliances
  • new technology-based firms
  • proximity
  • total factor productivity

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