Publication Type
Journal Article
Version
acceptedVersion
Publication Date
10-2002
Abstract
Companies in the biotechnology industry face major challenges in developing and commercializing new products. Focusing on publicly traded biotechnology firms that are not members of university incubators or research parks, this paper argues that the links these companies develop with universities can have beneficial effects on a company's operations. Analysis of 2457 alliances undertaken by 147 biotechnology firms shows that companies with university linkages have lower research and development (R&D) expenses while having higher levels of innovative output. However, the results do not support the proposition that companies with university linkages achieve higher financial performance than similar firms without such linkages.
Keywords
Biotechnology, University-business alliances, Innovation, Knowledge
Discipline
Business | Strategic Management Policy | Technology and Innovation
Research Areas
Strategy and Organisation
Publication
Journal of Business Venturing
Volume
17
Issue
6
First Page
577
Last Page
609
ISSN
0883-9026
Identifier
10.1016/S0883-9026(01)00069-6
Publisher
Elsevier
Citation
GEORGE, Gerard; ZAHRA, Shaker A.; and WOOD, D. Robley.
The effects of business-university alliances on innovative output and financial performance: A study of publicly traded biotechnology companies. (2002). Journal of Business Venturing. 17, (6), 577-609.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/4657
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/S0883-9026(01)00069-6