Interfirm Collaboration, Ownership Stakes, and Incomplete Contracts: Evidence from the Pharmaceutical Industry
Lubar Hall, N440 3202 N. Maryland Ave., MilwaukeePart of the Lubar Research Seminar Series Speaker: Yianni Floros, Lubar College of Business, University of Wisconsin - Milwaukee If contracts are incomplete, ownership stakes between collaborating firms can help align incentives and mitigate the costs of potential future conflicts. …