Brandao Fischer, BrunoMolero Zayas, José2023-06-192023-06-19201514601060DOI 10.1108/EJIM-10-2013-0097https://hdl.handle.net/20.500.14352/34204The authors acknowledge valuable contribution from the Eureka Secretariat and from the Spanish Centro de Desarrollo Tecnológico Industrial for providing data sets for the empirical analysis. The authors would also like to thank John Rigby, Vitor Corado Simões, Manuel García Goñi, two anonymous referees for their valuable contributions to this paper, and the Editor, Professor Christos Kalantaridis, for his support throughout the submission process. The usual disclaimers apply.The purpose of this paper is to verify the impacts of the transaction costs rationale on economic agents’ innovative results when they engage in European R&D networks, supplying both firms and policymakers with empirical support for improved decision making toward economic competitiveness and construction of the European research area. Furthermore, unlike many transaction cost economics assessments, the authors evaluate the existence of transaction costs following a dynamic framework of analysis (instead of using solely ex ante governance choice as a driver of inter-firm“friction” management), offering a novel perspective on these phenomena.engjournal articlehttp://dx.doi.org/10.1108/EJIM-10-2013-0097restricted accessR&D managementTransaction costsEureka programmeEuropean research areaInternational R&D cooperationCooperación económicaEmpresas5311 Organización y Dirección de Empresas