New product development (NPD) collaborations with external partners involve high coordination costs and run substantial risks. Formalization seems to be an effective mechanism to mitigate said costs and risks, although the issue of whether formalization actually proves productive or...

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,...