THE RESEARCH JOINT VENTURES: A CRITICAL EXAMINATION OF THE DOMINANT DOCTRINE

More and more companies are joining or promoting the establishment of RJV. Business cooperation involves not only the innovative phase, but also the subsequent stages of development and commercialization. The literature has devoted ample space to the analysis of the phenomenon, identifying models and theories that affect many of the crucial aspects of the phenomenon. The work, after introducing the topic of collaborative research, analyzes the reasons that push companies to join a research joint venture, addressing the issue of internal and external spillovers to the joint venture. Subsequently, the effects of RJV on welfare and the risks associated with this form of collaboration are analyzed.