Author: | McCutchen, W. W. Swamidass, P. M. Teng, B.-S. |
Title: | R&D risk-taking in strategic alliances: new explanations for R&D alliances in the biopharmaceutical industry |
Journal: | Management International Review
2004 : VOL. 44:1, p. 53-67 |
Index terms: | Risk R&D Co-operation Strategy Bio-technology industry Pharmaceutical industry |
Language: | eng |
Abstract: | In the biopharmaceutical industry, there are seven sequential stages of R&D before commercial use. The premises of the study is that risks are higher in the earlier stages. While prior ties between partners reduce perceived risk, international alliances add to the risk. |
SCIMA