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Controlling contractual exchange risks in R&D interfirm cooperation: an empirical study

Helm, Roland ; Kloyer, M.



Abstract

Suppliers and buyers of R&D results perceive two exchange risks: first, the risk to achieve a lower profitability on the innovation return than the exchange partner, second, the risk of the partner becoming a competitor by unplanned, one-sided knowledge flows. Both risks motivate opportunistic behaviour. The paper deals with the reduction of the perceived supplier risks. We analyse how an option ...

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