SAITO, HIROMI; SUMIKURA, KOICHI - In: International Journal of Innovation Management (ijim) 14 (2010) 03, pp. 491-509
In this paper, we empirically explain how scientific knowledge assimilated from academia affects corporate performance, particularly in the pharmaceutical industry of Japan. We use balanced panel data on 46 pharmaceutical firms in Japan for the period 1992–2005. Then, we introduce a new...