“…Greater R&D collaboration intensity is found to generate positive effects on organizations' survival, growth, and innovative output (Baum and Oliver, 1991;Powell et al, 1996). For these reasons, organizations realizing R&D collaboration tend to outperform those exclusively relying on internal research efforts (Chesbrough, 2003;Schmiedeberg, 2008;Hagedoorn and Wang, 2012). However, while being primarily related to positive effects, R&D collaboration do bear potentials for loss of valuable resources to partners and negative overall effects on value creation (Hagedoorn and Schakenraad, 1994;Stuart, 2000;Cassiman and Veugelers, 2002).…”