This paper empirically evaluates the impact of the US Advanced Technology Program-sponsored consortia on the ex-post research productivity of participating firms. We find that there is a positive association between the intensity of participation in research consortia and the overall research...

This article examines the effects of knowledge sharing or endogenous spillovers among R&D consortia participants on R&D competition when R&D enhances a firm's absorptive capacity. A three-stage model illustrates how different compositions of R&D consortia affect endogenous spillover rates and...

This article identifies key factors that determine the profitability of Japanese firms abroad by using panel-data regression models on new, large-scale, subsidiary-level data over the 1990-1996 period. The results show that the determinants of subsidiary profits differ across host regions,...