haku: @indexterm bio-technology industry / yhteensä: 101
viite: 10 / 101
| Tekijä: | Gopalakrishnan, S. Scillitoe, J.L. Santoro, M.D. |
| Otsikko: | Tapping deep pockets: The role of resources and social capital on financial capital acquisition by biotechnology firms in biotech-pharma alliances |
| Lehti: | Journal of Management Studies
2008 : DEC, VOL. 45:8, p. 1354-1376 |
| Asiasana: | strategic management financing bio-technology industry pharmaceutical industry competitive advantage technological innovation patents alliances companies USA |
| Kieli: | eng |
| Tiivistelmä: | Small biotechnology firms (hereafter as: bt-firm/s.) are enabled to acquire needed financial capital (here as: fin-cap.) in exchange for sharing new technologies through strategic alliances with pharmaceutical firms (here as: phc-firm/s). Drawing from aspects of resource-based view and social capital theory, this paper explores the factors influencing the extent of fin-cap. bt-firm/s acquire when forming an alliance with phc-firm/s. Based on a sample of over 180 U.S. company alliances from 1995 to 2000, it is found that alliances with the phc-firm/s. having greater management control are associated with greater acquisition of fin-cap. by the biotech firm/s. Moreover, the credibility of the phc-firm/s. is found to be positively associated with the extent of fin-cap. acquired by the bt-firm/s. The number of patents of the bt-firm/s. is negatively associated to the fin-cap. received by the bt-firm/s. |
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