The Analysis of Corporate Collaboration Effectiveness by Econometric Methods

This paper describes an analysis of the effects of collaboration based on a survey conducted between 1986 and 2004 of 3,600 collaborations which were made either domestically or globally by 170 Japanese biotechnology companies. Thirty-one of these companies are sampled for quantitative estimation based on panel data models of the effects of collaboration on sales, R&D investment and R&D outcomes over the past 12 years. The effects per individual company are also compared. In addition, the effectiveness of collaboration in the case of European and US global companies is investigated. The collection of long-term panel data is held to be a problem, but for this study we prepared accurate data based on corporate news releases, which are a very reliable source of information. We extend the scope of collaboration into government-firm, academia-firm and inter-firm collaborations in order to analyse the effects on Japanese companies of a wide spectrum of collaborations