Showing 1 - 10 of 510
In this paper, we examine the determinants of control rights in technology strategic alliances between biotechnology firms and pharmaceutical corporations, as well as with other biotechnology firms. We undertake three clinical studies and an empirical analysis of 200 contracts. Consistent with...
Persistent link: https://www.econbiz.de/10013224324
Using data on over 900 firms for the period 1988-2000, we estimate the effect on phase-specific biotech and pharmaceutical R&D success rates of a firm's overall experience, its experience in the relevant therapeutic category; the diversification of its experience, and alliances with large and...
Persistent link: https://www.econbiz.de/10013233843
Biotechnology companies rely heavily on alliances with pharmaceutical companies to finance their research and development expenditures, and pharmaceutical firms rely heavily on alliances to supplement their internal research and development. Previous studies suggest that asymmetric information...
Persistent link: https://www.econbiz.de/10013247629
In this paper, we investigate empirically the effect of two recent domestic airline alliances. We find that both alliances benefited consumers - average fares fell and total traffic increased after the creation of the alliances on those city pairs affected by the alliances. We also find that...
Persistent link: https://www.econbiz.de/10013313320
The path of income inequality in post-reform China has been widely interpreted as “China’s Kuznets curve.” We show that … agrarian policy reforms. Our findings warn against any presumption that the Kuznets process will assure that China has passed …
Persistent link: https://www.econbiz.de/10014358039
This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …
Persistent link: https://www.econbiz.de/10012754560
Over the last three decades, the value of Chinese trade has approximately doubled every four years. This rapid growth has transformed the country from a negligible player in world trade to the world's second largest exporter, as well as a substantial importer of raw materials, intermediate...
Persistent link: https://www.econbiz.de/10012757882
manufacturing capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative …
Persistent link: https://www.econbiz.de/10012757953
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for...
Persistent link: https://www.econbiz.de/10012758022
In this paper, we examine the impact of China's growth on developing countries that specialize in manufacturing. Over … 2000-2005, manufacturing accounted for 32% of China's GDP and 89% of its merchandise exports, making it more specialized in … the countries most exposed to the adverse consequences of China's export growth. Our results suggest that had China …
Persistent link: https://www.econbiz.de/10012758138