Abstract Research and development (R&D) consortia are specialized strategic alliances that
shape the direction and scope of firm innovation activities. Little research exists on the
performance consequences of participating in R&D consortia. We study the effect of patent
pools, a unique form of R&D consortia, on firm performance in innovation. While prior
research on alliances generally implies that patent pools enhance firm innovation, our study
finds the opposite. Analyzing data on systemic innovation in the global optical disc ...
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