Joint venture research and development activity: An analysis of the international biotechnology industry

Malika Richards, Donna Marie De Carolis

Research output: Contribution to journalArticlepeer-review

30 Scopus citations

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 languageEnglish (US)
Pages (from-to)33-49
Number of pages17
JournalJournal of International Management
Volume9
Issue number1
DOIs
StatePublished - Jan 1 2003

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Finance
  • Strategy and Management

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