Research joint ventures and firm level performance

In this paper, we test whether participation in EU sponsored research joint ventures (RJVs) has a positive impact on participating firms' performance. We apply our statistical methodology to RJVs sponsored under two different programs: EUREKA and (3rd and 4th) Framework Programs for Science and Technology (FPST). Overall results show quite a different impact for firms participating in the two programs: a positive association between participation, labour productivity and price cost margin in the case of EUREKA, while firms participating FPST RJVs do not show any clear pattern. (C) 2002 Elsevier Science B.V. All rights reserved.