کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1019676 | 940681 | 2006 | 24 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: An examination of the investments in U.S. biotechnology firms by foreign and domestic corporate partners An examination of the investments in U.S. biotechnology firms by foreign and domestic corporate partners](/preview/png/1019676.png)
This study examines the characteristics that make start-up biotechnology firms attractive alliance partners. We distinguish between firm specific and location-specific characteristics as well as between foreign and domestic corporate partners. We present and test a longitudinal model of alliance development based on data from 64 public biotechnology firms. The results provide evidence that foreign and domestic alliance capital inflows are driven by different factors. Firm-specific factors explain minimal variance in capital inflows from foreign alliance partners; rather, location-specific factors seem to matter more. The reverse is true for domestic alliance partners. Further, our results suggest that firm size moderates the relationship between location-specific factors and capital inflows from foreign alliance partners such that larger firms benefit more when located in technologically munificent environments.
Journal: Journal of Business Venturing - Volume 21, Issue 4, July 2006, Pages 405–428