Gains and Pains from Contract Research: A Transaction and Firm-level Perspective

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Gains and Pains from Contract Research: A Transaction and Firm-level Perspective

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dc.contributor.author Kaiser, Ulrich en_US
dc.contributor.author Grimpe, Christoph en_US
dc.date.accessioned 2009-02-04T10:28:14Z
dc.date.available 2009-02-04T10:28:14Z
dc.date.issued 2008-12-05T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7690
dc.description.abstract Determining the research and development (R&D) boundaries of the firm as the choice between internal, collaborative and external technology acquisition has since long been a major challenge for firms to secure a continuous stream of innovative products or processes. While research on R&D cooperation or strategic alliances is abundant, little is known about the outsourcing of R&D activities to contract research organizations and its implications for innovation performance. This paper investigates the driving forces of external technology sourcing through contract research based on arguments from transaction cost theory and the resource-based view of the firm. Using a large and comprehensive data set of innovating firms from Germany our findings suggest that technological uncertainty, contractual experience and openness to external knowledge sources motivate the choice for engaging in contract research activities. Moreover, we show that internal and external R&D sourcing are complements: the marginal contribution of internal (external) R&D is the larger the more firms spend on external (internal) R&D. en_US
dc.format.extent 35 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2008-02 en_US
dc.title Gains and Pains from Contract Research: A Transaction and Firm-level Perspective en_US
dc.type wp en_US
dc.accessionstatus modt08dec05 nijemo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Centre for Economic and Business Research en_US
dc.contributor.departmentshort CEBR en_US
dc.contributor.departmentuk Centre for Economic and Business Research en_US
dc.contributor.departmentukshort CEBR en_US
dc.idnumber x656557337 en_US
dc.publisher.city København en_US
dc.publisher.year 2008 en_US


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