Technological flows and choice of joint ventures in technology alliances |
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| Authors: | Esteban García-Canal |
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| Institution: | University of Oviedo (Spain), Faculty of Economics Sciences, Avda. Cristo s/n., 33071 Oviedo, Spain |
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| Abstract: | This paper analyses the influence of technological flows in the choice of joint ventures as a governance form of technology alliances, using a theoretical framework based on Transaction Costs Economics and the Economics of Intellectual Property Rights. We argue that the formation of a joint venture is only necessary in situations for which technological flows make the monitoring of alliance activities and the distribution of cooperation rents difficult. Our hypotheses have been confirmed using a sample of technology alliances created by companies from the European Union between 1992 and 1999. |
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| Keywords: | Technology alliances Contractual form Technological flows Joint ventures |
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