@techreport{Czarnitzki2012Collaborative,
abstract = {The ability of firms to establish R&D collaborations that combine resources, exploit complementary know-how, and internalize R&D externalities has been shown to be of high importance for the successful creation and implementation of new knowledge. We argue in this article that collaborative R&D may not only be beneficial in terms of appropriability of returns to R&D investment, access to the partner's knowledge base and the exploitation of scale and scope in R&D, but that it may also be a strategy to cope with financing constraints for R&D. Studying panel data we show that collaboration with science alleviates liquidity constraints for research. Horizontal collaboration reduces liquidity constraints for both research as well as R and D. Vertical collaboration has no such effects.},
address = {Mannheim},
author = {Dirk Czarnitzki and Hanna Hottenrott},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O31; O32; O38; 330; Collaborative Research; Industry-Science Links; Research and Development; Liquidity Constraints; Innovation Policy; Industrielle Forschung; Forschungskooperation; Forschungsfinanzierung; Verschuldungsrestriktion; Sch\"{a}tzung; Flandern; Belgien},
language = {eng},
note = {urn:nbn:de:bsz:180-madoc-324963},
number = {12-049},
publisher = {Zentrum f\"{u}r Europ\"{a}ische Wirtschaftsforschung (ZEW)},
title = {Collaborative R&D as a strategy to attenuate financing constraints},
type = {ZEW Discussion Papers},
url = {http://hdl.handle.net/10419/60478},
year = {2012}
}
