The seldom studied intersectoral research and development relationship between government, universities and private organizations has a number of implications for each of these partners. In this paper we investigate this relationship with respect to their performance. A study of over 250 of these projects, funded by Spanish government agencies, is presented in this paper. We investigate, through empirical means, how participating firm characteristics, the R&D project itself, and the intersectoral relationship, influence project performance. Expected and unexpected results are presented and discussed. Performance is determined using a DEA-based model.
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