Based on the case of the biopharmaceutical industry, the aim of this paper is to challenge the core conviction now widespread within the “spatial clustering theory”, which devotes a key (if not exclusive) role to geographical proximity in explaining clustering dynamics of innovation...

One of the salient features characterizing the evolution of most industries facing rapid technological change and/or globalization processes lies in the large-scale proliferation of interfirm coalitions, both through equity deals and cooperative agreements and alliances. Owing to the...