This paper investigates the extent to which R&D alliance participation affects the survival\nperformance of newly listed high tech firms. The estimation strategy identifies the impact\nthrough changes on a firm�s alliance status. Using longitudinal data on high tech firms that\nhad an initial public offering in the United States, results suggest that R&D collaborating\nfirms experience greater survival, relative to non-R&D collaborating firms. In particular,\nparticipation in an R&D alliance is associated with an attenuation of delistment due to poor\nfinancial performance.
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