The Impact of R&D Alliance on the Survival of Newly Listed High Tech Firms

Vicar S. Valencia


This paper investigates the extent to which R&D alliance participation affects the survival performance of newly listed high tech firms. The estimation strategy identifies the impact through changes on a firm’s alliance status. Using longitudinal data on high tech firms that had an initial public offering in the United States, results suggest that R&D collaborating firms experience greater survival, relative to non-R&D collaborating firms. In particular, participation in an R&D alliance is associated with an attenuation of delistment due to poor financial performance.

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Copyright (c) 2016 Vicar S. Valencia

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Business and Economic Research  ISSN 2162-4860

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