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Intellectual property rights and the governance of international R&D partnerships



This paper studies the degree to which country differences in intellectual property rights protection affect the choice of companies for a particular mode of international inter-firm R&D partnering. It focuses on the preference of companies for either an equity joint venture or a contractual partnership. We find that international differences in intellectual property rights protection are a significant factor: with less secure protection, firms choose R&D joint ventures rather than contractual partnerships. The level of technological change in industries has an inverse effect on the preference for international R&D joint ventures. Journal of International Business Studies (2005) 36, 175–186. doi:10.1057/palgrave.jibs.8400122

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