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| Author: | Durand, R. Bruyaka, O. Mangematin, V. |
| Title: | Do science and money go together? The case of the French biotech industry |
| Journal: | Strategic Management Journal
2008 : DEC, VOL. 29:12, p. 1281-1299 |
| Index terms: | high technology bio-technology industry science money France Europe |
| Language: | eng |
| Abstract: | This paper systematically explores the contrasting effects of strategic determinants on rent generation (henceforth as: r-genr.) and rent appropriation (here as: r-appr.) using the entire population of French biotech firms from 1994 to 2002. It is found that science and money do not unconditionally go together. The direct relationship btw. rent-accruing resources (e.g. patents or articles) and r-appr. varies depending on the type of resources and the strategic orientation. In addition, the effects of strategic determinants differ for r-genr. vs. r-appr. Based on the evidence, the emergence in the biotechnology industry of a 'one-best' strategic trajectory is challenged. |
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