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RESEARCH PRODUCT
Drivers influencing the governance of inter-firm relationships in the biopharmaceutical industry: an empirical survey in the Italian context
Giovanna Lo NigroGiovanni PerroneCarolina Billitterisubject
Transaction costStrategy and ManagementCorporate governanceContext (language use)Management Science and Operations Researchinter-firm relationshipSettore ING-IND/35 - Ingegneria Economico-GestionaleObject (philosophy)governance formbiopharmaceutical industry; governance form; inter-firm relationship; surveyBiopharmaceutical industryProperty rightsbiopharmaceutical industrysurveyProduct (category theory)BusinessMarketingSet (psychology)Industrial organizationdescription
This paper focuses on factors influencing the choice of the governance form in inter-firm relationships (IFRs) between pharmaceutical and biotechnology companies. By reviewing the relevant literature on transaction cost economics, property right theory, real option and resources-based view, we located some drivers that might influence such relationships and we formulated a set of hypotheses linking them to governance forms. Such a theoretical framework has been empirically tested through a survey conducted among the Italian companies associated to Farmindustria. Empirical results provide some interesting insights on how shaping bio-pharmaceutical deals; we found that the developmental stage of the product/technology object of the agreement, the existence of previous collaborations between firms and the number of products marketed by the biotech company are able to influence the selection of a specific governance form.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2013-01-01 | Technology Analysis & Strategic Management |