http://repub.eur.nl/res/concept/jel-L24/ Recent publications classified by JEL Code L24 en http://repub.eur.nl/static-eur/img/logo.png http://repub.eur.nl http://repub.eur.nl/res/pub/19981/ 2009-03-01T00:00:00Z We develop a theory of a multinational corporation’s optimal mode of entry in a new market. The foreign firm can choose between a licensing agreement, a wholly owned subsidiary or shared control (joint venture). In an environment in which property rights are insecure, opportunism is possible, and the identification of new business opportunities is costly, we show that the relationship between the quality of the institutional environment and the mode of entry decision is non-monotonic. Licensing is preferred if property rights are strictly enforced, while a joint venture is chosen when property rights are poorly enforced. For intermediate situations, the better use of local knowledge made possible by shared control under a joint venture works as a double edged sword. On the one hand, it makes the monitoring activity of the multinational more credible, on the other it offers insurance to both parties, potentially compromising the incentives faced by the local partner. Che, J. Facchini, G. http://repub.eur.nl/res/pub/10160/ 2007-05-10T00:00:00Z This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest that it requires radical technological change for firms to leave their embedded path of existing alliances and form new alliances with new partners. While new partners are mostly found through the firms’ existing network, we provide some insight into distant link formation with unknown partners, which contributes to our understanding of how ‘small-worlds’ might emerge. Phlippen, S.M.W. Riccaboni, M. http://repub.eur.nl/res/pub/12057/ 2007-01-01T00:00:00Z The aim of this paper is to test the determinants of Research Joint Ventures’ (RJVs) group dynamics. We look at entry, exit and turbulence in RJVs that have been set up under the US National Cooperative Research Act, which allows for certain antitrust exemptions in order to stimulate firms to cooperate in R&D. Accounting for unobserved project characteristics and controlling for inter-RJV interactions and industry effects, the Tobit panel regressions show the importance of group and time features for an RJV’s evolution. We further identify an average RJV’s long-term equilibrium size and assess its determining factors. Ours is a first attempt to produce robust stylized facts about cooperational short- and long-term dynamics, an important but neglected dimension in research cooperations. Duso, T. Pennings, H.P.G. Seldeslachts, J.W. http://repub.eur.nl/res/pub/7902/ 2006-08-22T00:00:00Z Following their larger counterparts, an increasing number of small firms outsource their IT tasks to lower cost offshore destinations. For small firms, however, offshore outsourcing is a difficult undertaking as it involves high transaction costs. Online marketplaces for IT services, which have recently become available to small firms, make offshore IT outsourcing more accessible and manageable, although differences in the marketplace design result in varying outcomes across the marketplaces. This has consequences for SME’s decision as to which online marketplace to use, because different markets may have different types of benefits and costs. This paper sets to analyze some of the similarities and differences between online marketplaces for IT services and their effects for small firms. First, we analyze if and how online marketplaces reduce small firms’ transaction costs in offshore IT outsourcing. Second, we examine the effects of market entry barriers on outcomes of online marketplaces and their implications for small firms. The results indicate that online marketplaces for IT services do reduce transaction costs for small firms in offshore outsourcing across ten specific market processes. More surprising, however, is the finding that the lower market entry barriers for suppliers result in lower prices for buyers without compromising other aspects of market performance. Radkevitch, U.L. Heck, H.W.G.M. van Koppius, O.R. http://repub.eur.nl/res/pub/1200/ 2004-02-27T00:00:00Z In designing of production systems, economic and social goals can be combined, if ergonomics is integrated into the design process. More than 50 years of ergonomics research and practice have resulted in a large number of ergonomics standards for designing physical and organizational work environments. This paper gives an overview of the 174 international ISO and European CEN standards in this field, and discusses their applicability in design processes. The available standards include general recommendations for integrating ergonomics into the design process, as well as specific requirements for manual handling, mental load, task design, human-computer-interaction, noise, heat, body measurements, and other topics. The standards can be used in different phases of the design process: allocation of system functions between humans and machines, design of the work organization, work tasks and jobs, design of work environment, design of work equipment, hardware and software, and design of workspace and workstation. The paper is meant to inform engineers and managers involved in the design of production systems about the existence of a large number of ISO and CEN standards on ergonomics, which can be used to optimize human well-being and overall system performance. Dul, J. Vries, H.J. de Verschoof, S. Eveleens, W. Feilzer, A.