基于投资溢出的研发联盟成员投资策略研究

降低投机风险,提高联盟成员的资源投入量,是决定研发联盟能否成功的关键因素之一。论文研究了存在投资溢出时,并行研发联盟和集中研发联盟中联盟成员在平均分配和按投入比例分配收益方式下的投资策略,并分析了投资溢出、联盟结构和利益分配方式对联盟成员投资策略的影响。研究表明,投资溢出能降低投机风险,提高联盟成员资源投入量;市场收益较小时,集中研发联盟优于并行研发联盟,按投入比例分配优于平分收益;市场收益较大时,联盟结构和利益分配方式对联盟成员投资策略无影响,联盟应采取平分收益这种简单分配方式,以促进合作研发的成功。

Research on Members’ Investment Polices in R&D Alliances with Input Spillovers

Whether can prevent free ride and increase member's investment is one of the key factor for success in the cooperative R&;D.In this research,the investment polices of parallel and gathered R&;D alliance members with input spillovers under equal and proportional profit sharing arrangement weve studied, and the impact of input spillovers,profit sharing arrangement and form of alliance on members' investment polices were analyzed. It was shown that input spillovers can prevent free ride and increase member's investment,gathered R&;D alliance and sharing profit proportionally are better than their counterpart when mark return is small,but,when market return is big,form of alliance and profit sharing arrangement have impact on member's investment policy,so R&;D alliance should share profit equally to make a success in cooperative R&;D.