Equity Links and Information Acquisition in Biotechnology Alliances

Arbeitspapier

We use a simple model of collaborative innovation to structure an empirical analysis of minority equity links in biotechnology alliances between clients and R&D firms. In the model, an equity link is an investment in information acquisition: it improves the ability of the client to learn about the R&D firm's ability and the alliance project's quality. The model generates several testable hypotheses about how the R&D firm's project characteristics and previous alliances affect the use of equity links in new alliances. We test the hypotheses using a large data set of biotechnology alliances and find empirical support.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Claremont Colleges Working Papers in Economics ; No. 2001-24

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Transactional Relationships; Contracts and Reputation; Networks ; Firm Organization and Market Structure ; Management of Technological Innovation and R&D
• Thema: alliance ; collaboration ; integration ; joint venture ; technological change

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Filson, Darren ; Morales, Rosa
• Ereignis: Veröffentlichung
• (wer): Claremont McKenna College, Department of Economics
• (wo): Claremont, CA
• (wann): 2001

Weitere Informationen

• Handle: http://hdl.handle.net/10419/94562
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ