Joint Ownership Boosts Innovation for Cash-Strapped Firms, Unlocking Untapped Potential
The article discusses how joint ownership can be beneficial in certain situations, such as in research and development activities. The researchers found that in cases where one party has limited resources and needs protection from financial risks, joint ownership can lead to better outcomes by reducing wasteful competition for resources. This is because joint ownership can encourage both parties to work together efficiently, especially in research joint ventures.