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We implement a new approach for the identification of news shocks about future technology. In a VAR featuring a measure of aggregate technology and several forward-looking variables, we identify the news shock as the shock orthogonal to technology innovations that best explains future variation...
Persistent link: https://www.econbiz.de/10013156463
operate as well as concentration in the agricultural biotechnology industry also emerged due to intellectual property rights …
Persistent link: https://www.econbiz.de/10013039091
The search for "growth-oriented adjustment programs" reflects a widespread malaise concerning IMF stabilization programs in countries suffering from external debt crises. A new orthodoxy is emerging from this search, which links recovery in the debtor countries to a shift to "outward-oriented"...
Persistent link: https://www.econbiz.de/10013217625
, such as intellectual human capital, can predict where and when biotechnology enterprises emerge and agglomerate. Density … more conjectural than empirically tenable. We argue and demonstrate for biotechnology that an alternative model based on … essentially uncorrelated with the panel data on biotechnology entry by year and region while the combined model has correlation …
Persistent link: https://www.econbiz.de/10013219977
biotechnology enterprises: the number of products in development, the number of products on the market, and changes in employment …. The `star' concept which Zucker, Darby, and Brewer (1994) demonstrated was important for birth of U.S. biotechnology …
Persistent link: https://www.econbiz.de/10013220403
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 …
Persistent link: https://www.econbiz.de/10013224324
The local academic science base plays a dominant role in determining where and when biotechnology is adopted by … pharmaceutical business -- biotechnology's most important application -- the performance enhancement associated with this … biotechnology, with the latter playing a somewhat larger role. De nova entry was determined similarly as if entry and organizational …
Persistent link: https://www.econbiz.de/10013232001
We analyze how variations in contractibility affect the design of contracts in the context of biotechnology research … agreements. A major concern of firms financing biotechnology research is that the R&D firms might use the funding to subsidize … maintaining broad property rights to the terminated project. The option right induces the biotechnology firm researchers not to …
Persistent link: https://www.econbiz.de/10013233766
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
which are threatened by persistent low performance. While all incumbent firms lagged the dedicated new biotechnology firms …
Persistent link: https://www.econbiz.de/10013236696