Transfer and diffusion of knowledge and technology is a key condition for the development of innovation. In practice, they take place at the interface between science and business, which makes the level of innovation and development of a given economy depend on the effectiveness and efficiency...

The granting of publicly subsidized joint projects has become a popular policy instrument in both Germany and the European Union. However, little is known about how the emerging subsidized network affects the allocation process of future project grants. Employing unique databases containing...

This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R&D portfolios, an RJV can help to coordinate research efforts, reducing investments in duplicate projects. This can free up resources, increase the variety of pursued projects and...

This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R&D portfolios, an RJV can help to coordinate research efforts, reducing investments in duplicate projects. This can free up resources, increase the variety of pursued projects and...