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developed in an alliance tend to have a higher probability of success, at least for the more complex phase 2 and phase 3 trials …
Persistent link: https://www.econbiz.de/10012469083
rational; a biotechnology company that is developing its first product benefits from forming an alliance with a pharmaceutical …
Persistent link: https://www.econbiz.de/10012469706
pairs affected by the alliances. We also find that these effects are found both on city pairs where the alliance created one … or two new online carriers, and on city pairs where the alliance increased the service offered by one or both alliance … partners. Finally, we find that the size of the fare effect of the alliance depends on the pre-alliance level of competition on …
Persistent link: https://www.econbiz.de/10012470529
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/10012472804
Persistent link: https://www.econbiz.de/10000687104
"We review the theory and evidence on venture capital (VC) and other private equity: why professional private equity exists, what private equity managers do with their portfolio companies, what returns they earn, who earns more and why, what determines the design of contracts signed between (i)...
Persistent link: https://www.econbiz.de/10008806638
"This paper studies how portfolios with a global investment scope are actually allocated internationally using a unique micro dataset on U.S. equity mutual funds. While mutual funds have great flexibility to invest globally, they invest in a surprisingly limited number of stocks, around 100. The...
Persistent link: https://www.econbiz.de/10011394818
Persistent link: https://www.econbiz.de/10001388786
How do countries hold their financial wealth? We construct a new database of countries' claims on capital located at home and abroad, and international borrowing and lending, covering 68 countries from 1966 to 1997. We find that a small amount of capital flows from rich countries to poor...
Persistent link: https://www.econbiz.de/10012470955
Recently much progress has been made in developing optimal portfolio choice models accomodating time-varying opportunity sets, but unless investors are unreasonably risk averse, optimal holdings include unreasonably large equity positions. One reason is that most studies assume investors behave...
Persistent link: https://www.econbiz.de/10012470967