A tale of two literatures: Transaction costs and property rights in innovation outsourcing |
| |
| Authors: | Nishaal Gooroochurn |
| |
| Institution: | Industrial Economics Division, Nottingham University Business School, Jubilee Campus, Nottingham, NG8 1BB, England, United Kingdom |
| |
| Abstract: | This paper investigates the relative importance of property rights and transactions cost factors in driving the decision of firms to outsource innovation. Using data for over 8000 firms from the UK Community Innovation Survey, we find that property right factors dominate over transaction cost factors. Transaction cost variables are more important for process innovation, while property rights variables are more significant for firms involved in product innovation. In addition, we find that firms involved in process innovation have a higher probability of outsourcing innovation than firms involved in product innovation. |
| |
| Keywords: | L2 O3 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
