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Uncertainty is essential in collaborative investment in R&D, especially for new production development (NPD). So, commitments (either formal contracts or informal communications) among members in an R&D alliance are often presented to deal with uncertainty. But after uncertainty is realized,...
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in the real world to frame a theoretical explanation of this cross-organizational innovation and to reconceptualize the … - what we call contracting for innovation. This pattern braids explicit and implicit contracting to support iterative … collaborative innovation by raising switching costs. These costs, represented by the parties' parallel investment in transaction …
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the size of the innovation is small; this occurs regardless of the participations in the competing companies and how many … innovate. If the innovation is very large, the owners may be better off with exclusive licenses …
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innovation performance, addressing endogeneity by exploiting within-firm variation as well as variation in labor supply across … regions. We find that vertical educational diversity increases the extensive margin of R&D and product innovation …, particularly new product innovation. However, the relationship with process innovation, R&D intensity, and product innovation …
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