search query: @author Lerner, J. / total: 17
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| Author: | Lerner, J. Shane, H. Tsai, A. |
| Title: | Do equity financing cycles matter? Evidence from biotechnology alliances |
| Journal: | Journal of Financial Economics
2003 : MAR, VOL. 67:3, p. 411-446 |
| Index terms: | Strategic planning Alliances Initial public offerings Venture capital Bio-technology industry R&D |
| Language: | eng |
| Abstract: | The authors consider 200 alliance agreements entered into by biotechnology firms between 1980 and 1995. Agreements signed during periods of limited external equity financing are more likely to assign the bulk of the control to the larger corporate partner, and are significantly less successful than other alliances. |
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