International R&D partnerships:The role of government funding in reducing transaction costs and opportunistic behavior

Corsi, Simone and Feranita, Faranita and De Massis, Alfredo (2021) International R&D partnerships:The role of government funding in reducing transaction costs and opportunistic behavior. R and D Management. ISSN 0033-6807

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Abstract

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.

Item Type:
Journal Article
Journal or Publication Title:
R and D Management
Additional Information:
This is the peer reviewed version of the following article: Corsi, S., Feranita, F. and De Massis, A. (2021), International R&D partnerships: the role of government funding in reducing transaction costs and opportunistic behavior. R&D Management. https://doi.org/10.1111/radm.12497 which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1111/radm.12497 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1405
Subjects:
ID Code:
163172
Deposited By:
Deposited On:
08 Dec 2021 15:56
Refereed?:
Yes
Published?:
Published
Last Modified:
18 Jan 2022 06:54