Antecedents of cooperative commercialisation strategies of nanotechnology firms

We examine the antecedents for cooperative behaviour in the commercialisation of nanotechnology for both small/medium and large firms. For small and medium firms (SMEs) our results confirm the influence of complementary assets and transaction costs, but surprisingly do not support any influence of intellectual property rights protection on cooperative behaviour. For large firms the results show a negative relationship for both intellectual property rights protection and ownership of complementary resources with cooperative behaviour. Overall, collaboration-based commercialisation in nanotechnology for both small/medium as well as large firms seems to follow antecedents previously identified in earlier studies. In addition, we find that in the current stage of the nanotechnology commercialisation environment, intellectual property rights protection for small/medium-sized enterprises is associated with the acquisition of other firms.