The effect of alliances on innovation patterns: an analysis of the biotechnology industry
November 27, 2013 Editor 0
The purpose of this article is to show the effect of different types of alliances on the innovation patterns of successful firms in the biotechnology industry. Using a new approach to measuring changes in innovation patterns across technology classes, the results show that alliances are formed to specialize in a certain research field, rather than to enter a completely new market. The importance of this effect declines as the equity involvement of the partners in the alliance project increases.
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Tags: biotechnology industry
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