factors of success in drug development programs at different stages of innovation process. We use economies of scale, scope, R … a project differs in relation to the discovery and development stages of innovation, respectively. Our main finding is … discovery stage of innovation, while in the later development stage, the effects of competition outweigh any benefits from …

This paper examines empirically the theoretical relationship between external knowledge and innovation success. Special …-specific absorptive capacities. The results of the micro-econometric analysis based on German firm data on innovation suggest that firms … can effectively use external R&D within their own innovation process, as long as they have access to the relevant …

This study explores the impact of social capital on innovation by constructing a more general measure of social capital … that social capital has a positive impact on innovation at the national level. After controlling for R&D expenditure and … human capital there is a positive relationship between social capital and innovation. Social capital interacts with …

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …