This paper examines the role of time delays on the path dependency of corporate growth with a focus on intellectual property in technology intensive industries and proposes a methodology for assessment of competitive risks

In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While RJVs are well explored in the literature, very...