Inter-firm collaboration

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The rise in inter-firm collaborations indicates a growing preference for collaborative transaction modes across various industries. As firms navigate highly technology- and knowledge-intensive environments, the distribution of knowledge sources becomes more complex. Globalization intensifies competition while simultaneously providing opportunities to leverage technologies and competencies more effectively. Carolin Haussler's dissertation explores these challenges by examining several aspects of collaborative arrangements. Key questions include the impact of inter-firm collaboration on firm value, the allocation of control rights among partners, the influence of contractual structures on performance, and the effects of collaborative organization on firm dynamics. Employing both quantitative econometric analysis and qualitative firm data, Haussler's work presents significant insights. In chapter 2, she conducts an event study to assess stock market reactions to announcements of inter-firm collaborations, revealing that benefits are not uniformly distributed among firms. Chapter 3 delves into issues arising in asymmetrical partnerships, particularly between large pharmaceutical companies and biotechnology startups. Using a unique dataset, she concludes that the assignment of control rights is primarily influenced by incentive structures and the bargaining power of the firms involved.