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| Author: | Aggarwal, W. A. Hsu, D. H. |
| Title: | Modes of cooperative R&D commercialization by start-ups |
| Journal: | Strategic Management Journal
2009 : AUG, VOL. 30:8 p. 835-864 |
| Index terms: | R&D new enterprise management science corporate governance commercialization strategic planning production |
| Language: | eng |
| Abstract: | The paper does empirical research on the determinants of heterogenous firm-level cooperative R&D commercialization strategies. A conceptual model of factors determining collaborative mode choice at the organizational portfolio level is developed. A random sample of innovating biotechnology start-ups is used, and a firm-year panel dataset aggregating transaction-level collaboration data is assembled, which allows characterizing firms' portfolios of collaborative deals. Broad empirical support for the model is found, which suggests that a firm's appropriation environment and governance capabilities strongly influence portfolio-level collaboration mode choices. |
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