Title
Direct and mediated ties to universities : scientific absorptive capacity and innovation performance of pharmaceutical firms
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
,
Subject
Economics
Source (journal)
Strategic organization. - Place of publication unknown
Volume/pages
14(2016) :1 , p. 32-52
ISSN
1476-1270
ISI
000369672300002
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
Extant literature on firmuniversity collaboration has emphasized two different strategies that firms in science-based industries adopt to source scientific knowledge and expertise. On one hand, firms engage in direct research collaborations with universities. On the other hand, firms establish indirect, mediated, ties to universities by engaging in research collaborations with dedicated biotech firms that are themselves strongly linked to universitieswith the dedicated biotech firm taking the role of broker. We argue that the relative benefits of direct and mediated ties depend on the extent to which firms have organized their research and development to facilitate the absorption, assimilation, transformation, and exploitation of scientific knowledge, which we coin scientific absorptive capacity. Drawing on patent and publication data in a panel of 33 vertically integrated pharmaceutical firms, we find that direct university collaboration is more beneficial for firms with relatively high scientific absorptive capacity, while only mediated ties are associated with greater innovative performance for firms with relatively low scientific absorptive capacity. The latter association is reduced if the mediated ties are with top universities. Our findings are suggestive of the importance of a fit between the nature of a firms research and development organization and its strategy to access scientific knowledge.
E-info
https://repository.uantwerpen.be/docman/iruaauth/ac1853/c703e87d2e1.pdf
Full text (open access)
https://repository.uantwerpen.be/docman/irua/c97ec2/127675.pdf
E-info
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Handle