The dynamic impact of inter-firm network agreements
研究发现参与企业间网络协议能持续提升企业收入、增加值和息税折旧摊销前利润,且小企业与大企业合作时获益更多,合作伙伴同属一个通勤区时效果更佳。
Abstract This paper sheds new light on the dynamic effects of inter-firm network agreements on firm performance and investigates whether the specific combination of partner profiles triggers heterogeneous causal effects. Using a staggered difference-in-differences design, we find that participation in network agreements has a persistent impact on firms’ revenues, value added, and EBITDA that is amplified at least through the third year of collaboration. Our results show that micro firms benefit more from collaboration in network agreements, especially when they enter into relationships with larger partners. In addition, companies benefit more from network ties when most of their partners belong to the same travel-to-work area.