RESEARCH JOINT VENTURES: THE ROLE OF PUBLIC RESEARCH INSTITUTES

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In this paper, we identify the main determinants of firms’ decision to include public research institutes in their R&D cooperation agreements. To this end, we estimate the probability that they take such a decision by applying a probit model to a dataset on Research Joint Ventures developed under the umbrella of the Eureka initiative, a pan-European programme. These data were gathered from a survey of the main partner companies of individual projects. The results show that the size of the main partner, the search for new relationships, the possibility of sharing costs, the research design and the project’s main targets stand out as some of the main explanatory variables in the model.

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Resumen

Inglés In this paper, we identify the main determinants of firms’ decision to include public research institutes in their R&D cooperation agreements. To this end, we estimate the probability that they take such a decision by applying a probit model to a dataset on Research Joint Ventures developed under the umbrella of the Eureka initiative, a pan-European programme. These data were gathered from a survey of the main partner companies of individual projects. The results show that the size of the main partner, the search for new relationships, the possibility of sharing costs, the research design and the project’s main targets stand out as some of the main explanatory variables in the model.