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Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010252810
costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … terms of gains for innovation performance, but also show that collaboration has decreasing and even negative returns on … product innovation if its intensity increases above a certain threshold. In particular, costs start outweighing benefits if a …
Persistent link: https://www.econbiz.de/10010383763