Value perceptions and performance of research joint ventures: An organizational learning perspective

This paper focuses on a knowledge-based view to examine the relationship between the perceived value of a research joint venture (RJV) and its performance (expectation-result relation). Using data from 247 Europeans firms involved in RJVs we identify four groups of RJVs categorized by perceived value and performance of the RJV. The effect of the level of radicalness of research and the learning and knowledge management on this relationship was studied to provide insights into these relationships. Our findings suggest that the relationship between expected value and performance may not be a linear relationship. RJV's level of radicalness of research was found to be a major moderator of this relationship which is a slight adjustment to social cognitive theory's outcome expectations suppositions.