This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...

The efficient allocation of control rights in inter-firm collaborations is a widely emphasized issue. In this paper, I empirically identify control rights and the allocation of these rights using a unique survey data set on collaborations between biotechnology and pharmaceutical firms. Fifteen...

The intention of this paper is to investigate whether market-related factors have a stronger influence on the strategic decision-making of ventures in 'liberal market economies' than on that of their counterparts in 'coordinated economies.' Thereby, we focus on a particularly important strategic...

This paper contributes to a better understanding of the relationship between strategic alliances and VC exits. Recent empirical literature concludes that strategic alliances improve the probability of successful exits (IPOs and M&As) for venture-backed companies. When we control for observed and...

This paper analyses a large database on inter-firm R&D cooperation formed in the pharmaceutical biotechnology industry during the period 1985 - 1998. The results indicate that network size largely grows, whereas the density of the network declines during the periods. In the network analysis that...

The localization of knowledge flows has been attributed to agglomerations of knowledge-intensive firms in a region, but I argue that knowledge localization is not consistent with the wider social and professional networks of the firms' employees. I predict that small, knowledge-intensive firms...

In this paper our aim is to assess the evolution of the Finnish biotechnology sector during the 2000's. Particular focus is given to the growth expectations and realized outcomes of Finnish biotechnology companies, to the evolution of public investments, and to potential determinants of company...

This paper provides evidence on the mechanisms influencing the patent output of a sample of biotechnology firms from the input of indirect knowledge acquired from capital expenditures and direct knowledge from in-house R&D. Statistical models of counts are used to analyse the relationship...

In this paper our aim is to assess the potential of using patent statistics in predicting the future sales anticipations and present value of a company active in the science-based industry. Instead of using conventional patent and patent application counts as indicators, we constructed patent...

Small, young life science ventures are simultaneously affected by strong global and local forces. These are reflected in the strategic orientations - like market orientation, entrepreneurial orientation, and technological orientation - adopted by the ventures. This chapter presents a comparison...