The DOI matches its Crossref record.
The Control of Technology Alliances: An Empirical Analysis of the Biotechnology Industry
Abstract
We examine the determinants of control rights in biotechnology alliances through three case studies and a quantitative analysis. Aghion and Tirole [1994] argue that control rights will be assigned so as to maximize the value of the final output, as long as the R&D firm has sufficient financial resources. Consistent with this framework, the allocation of control rights to the R&D firm increases with the firm’s financial resources. The empirical evidence regarding the relationship between control rights and the stage of the project at the time the alliance is signed is more ambiguous.
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Citations
Cited by
The role of fairness in alliance formation
Ariño, A., & Ring, P. S. (2010) · Strategic Management Journal · doi:10.1002/smj.846 · Cited by 169
Salvato, C., Reuer, J. J., & Battigalli, P. (2017) · Academy of Management Annals · doi:10.5465/annals.2014.0001 · Cited by 86
Metadata
- Authors
- Lerner, J., & Merges, R. P.
- Venue
- The Journal of Industrial Economics
- Publisher
- Wiley
- Published
- 1998-06
- Volume
- 46
- Issue
- 2
- Pages
- 125-156
- ISSN
- 0022-1821 (ISSN-L)
- 1467-6451
- OpenAlex
- W2057744370
- Cited by
- 634
- References
- 0
- FWCI
- 32.69
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
