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International R&D partnerships: the role of government funding in reducing transaction costs and opportunistic behavior
journal contributionposted on 2021-08-20, 08:25 authored by Simone CorsiSimone Corsi, Feranita Feranita, Alfredo De Massis
The innovation management and policy literature suggests that government support generally has a positive effect on SMEs’ R&D, innovation performance, and fostering international links. However, research in this field has mainly examined the outcomes, overlooking the impact during the course of the R&D partnership, especially in an international context. Using longitudinal data and a transaction cost (TC) approach, we conduct an in-depth case study of a UK-China innovation program aimed at supporting and facilitating R&D partnerships between UK SMEs and Chinese organizations. Examining 11 UK SMEs with 12 R&D partnerships in this program, we identify four stages of the R&D partnership with Chinese organizations, revealing that government support both positively and negatively affects TCs at each stage. Based on these positive and negative effects, we offer empirical and theoretical contributions, as well as managerial and policy implications to support international R&D partnerships.
Research and Development Management Association (RADMA)
- Business and Economics
Published inR&D Management
Pages530 - 547
- AM (Accepted Manuscript)
Rights holder© RADMA and John Wiley & Sons Ltd
Publisher statementThis is the peer reviewed version of the following article: Corsi, S., Feranita, F. and De Massis, A. (2022), International R&D partnerships: the role of government funding in reducing transaction costs and opportunistic behavior. R&D Management, 52: 530-547, which has been published in final form at https://doi.org/10.1111/radm.12497. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.