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on Project, Program and Portfolio Management |
| By: | Hottenrott, Hanna; Lopes-Bento, Cindy |
| Abstract: | R&D collaboration facilitates pooling of complementary skills, learning from the partner as well as sharing risks and costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance. Fewer studies addressed potential drawbacks of collaborative R&D. Collaborative R&D comes at the costs of coordination and monitoring, requires knowledge disclosure and involves the risk of opportunistic behaviour by the partners. Thus, while the net gains from collaboration can be high initially, cost may start to outweigh those benefits if firms engage in multiple collaborative projects simultaneously. This study explicitly considers a firm's collaboration intensity, that is, the share of collaborative R&D projects in the firms' total R&D project portfolio. For a sample of 2,891 firms located in Germany, active in abroad range of manufacturing and service sectors and of which 86% are SMEs, we indeed find that increasing the share of collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher market success of new products. While we can confirm previous findings in terms of gains for innovation performance, we also find that collaboration has decreasing and even negative returns on product innovation if its intensity increases above a certain threshold. Consequently, the relationship between collaboration intensity and innovation has an inverted-U shape. In particular, costs start outweighing benefits if a firm pursues more than about two thirds of its R&D projects in collaboration. This result is robust to conditioning market success to the introduction of new products and to accounting for the selection into collaborating. |
| Keywords: | innovation performance,product innovation,R&D partnerships,collaboration intensity,financing constraints,collaboration complexity,transaction costs,selection model,endogenous switching |
| JEL: | O31 O32 O33 O34 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:zewdip:14108r&r=ppm |
| By: | Andrea Filippo Presbitero (International Monetary Fund, Universit… Politecnica delle Marche - MoFiR) |
| Abstract: | A recent trend in several low-income developing countries has been a rapid scaling-up of public investment. It is argued that in the presence of limited absorptive capacity countries are not able - in terms of skills, institutions, management - to translate additional public investment into sustained output growth. We test for the presence of absorptive capacity constraints using a large dataset of World Bank investment projects, approved between 1970 and 2007 in 80 countries. Our results indicate that projects undertaken in periods of public investment scaling-up are less likely to be successful, although this effect is relatively small, especially in poor and capital scarce countries. We also verify that this effect is unrelated to large aid flows and donor fragmentation. |
| Keywords: | Absorptive capacity, Donor fragmentation, Infrastructure, Investment projects, Public investment |
| JEL: | F35 O19 O22 |
| Date: | 2015–12 |
| URL: | http://d.repec.org/n?u=RePEc:anc:wmofir:115&r=ppm |
| By: | Proeger, Till; Meub, Lukas; Bizer, Kilian |
| Abstract: | Tradable development rights (TDR) are discussed as a mechanism to reduce land consumption while ensuring an efficient implementation of profitable building projects. We present a novel laboratory experiment on the feasibility of TDR and simulate the acquisition and trading of development rights. In particular, we investigate the effects of uncertainty in the revenues of land consumption projects. Overall, we find that TDR are reallocated as suggested by theory, although higher uncertainty has substantial detrimental effects on the distribution of land consumption projects and thus aggregate welfare. This enables us to formulate distinct policy implications for the design of TDR systems. |
| Keywords: | auction,economic experiment,land consumption,tradable planning permits,urban sprawl |
| JEL: | C91 C92 D8 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:cegedp:270&r=ppm |
| By: | Ferrir, Richard |
| Abstract: | The most significant value added by Euro 2012 is undoubtedly the infrastructural changes. The event became a catalyst for the execution of more than two hundred projects for an amount of ca. PLN 100 billion. This paper focuses on the key projects, including above all the road construction projects, as well as those connected to road and rail infrastructure. Considering such significant outlays, the funding the preparation, particularly in a division into private and public sources, becomes an especially important issue. It is the predominant commitment of public funds that creates the need to justify their allocation, chiefly in the case of the sports venues, usually utilised by private sports clubs after the end of the event. Euro 2012 has been compared in this respect with other events of this rank, staged in Europe since the beginning of the 21st century. |
| Keywords: | Euro 2012, Mega sporting event |
| JEL: | F00 |
| Date: | 2015–12–04 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68208&r=ppm |
| By: | Ferrir, Richard |
| Abstract: | In this study, an attempt was made to estimate the impact of the organisation of UEFA European Championships on the host cities: Gdańsk, Poznań, Warsaw and Wrocław. The adopted list of infrastructural undertakings executed as part of Euro 2012 preparations included 219 projects divided according to the urgency criterion into key, important and other projects. Analysis of project completion revealed that not all tasks had been executed as planned before the beginning of the event. Predictably, the key projects were found to have been completed in the greatest percentage of the cases (76%), while other projects were characterised by the lowest percentage of completion (51%). The degree of completion also varied between the individual cities. Gdańsk turned out to be the most efficient city with 74% of all projects completed, while Warsaw was at the bottom of the ranking with 63% of completed projects. |
| Keywords: | Euro 2012 |
| JEL: | H00 |
| Date: | 2015–12–05 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68209&r=ppm |
| By: | Ferrir, Richard |
| Abstract: | The most significant value added by Euro 2012 is undoubtedly the infrastructural changes. The event became a catalyst for the execution of more than two hundred projects for an amount of ca. PLN 100 billion. This paper focuses on the key projects, including above all the road construction projects, as well as those connected to road and rail infrastructure. Considering such significant outlays, the funding the preparation, particularly in a division into private and public sources, becomes an especially important issue. It is the predominant commitment of public funds that creates the need to justify their allocation, chiefly in the case of the sports venues, usually utilised by private sports clubs after the end of the event. Euro 2012 has been compared in this respect with other events of this rank, staged in Europe since the beginning of the 21st century. |
| Keywords: | Euro 2012, mega sporting event |
| JEL: | G14 |
| Date: | 2015–12–04 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68207&r=ppm |
| By: | Lawrence D., Phillips; et al. |
| JEL: | G32 |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:64655&r=ppm |
| By: | Dominique Thronicker (Division of Economics, University of Stirling); Ian Lange (Division of Economics and Business, Colorado School of Mines) |
| Keywords: | Carbon Capture and Storage, Regression Analysis, Carbon Policy, Technological Change |
| JEL: | L51 Q5 H3 |
| Date: | 2015–12 |
| URL: | http://d.repec.org/n?u=RePEc:mns:pbrief:wp2014-14&r=ppm |