| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1093/icc/dtt022 |
| ISBN | 0960-6491 |
| Buying big into biotech: scale, financing, and the industrial dynamics of UK biotech, 1980–2009. | |
| Hopkins, Michael M; Crane, Philippa A; Nightingale, Paul; Baden-Fuller, Charles | |
| 发表日期 | 2013-08 |
| 出处 | Industrial and Corporate Change |
| 出版者 | Oxford University Press |
| 出版年 | 2013 |
| 页码 | 903-952 |
| 语种 | 英语 |
| 摘要 | This article explores how the UK’s biotech firms have evolved in response to their financial environment. As investors’ expectations about the potential of biotech have changed, funding options have opened up and closed down, leading firms to develop new business models and routes of technology development. After a favorable period, new constraints on stock market funding have forced UK biotech firms to compress their life cycles, constraining their ability to generate the late-stage drug candidates sought by large pharmaceutical firms. These changes are analyzed within a neo-Chandlerian framework in the context of a selection environment where rather than firms of varying inefficiencies being selected by an efficient market, we find entrepreneurs submitting themselves to an inefficient investment-selection process at the intersection of industries attempting to achieve their own scale economies. The article highlights the importance of the scale of investment at the firm and industry level, and suggests that decline in the size of the industry can have adverse consequences for investment and firm performance in this setting. |
| 特色分类 | H Social Sciences$TP0248.13 Biotechnology |
| URL | http://sro.sussex.ac.uk/id/eprint/43078/ |
| 来源智库 | Science Policy Research Unit (United Kingdom) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/468190 |
| 推荐引用方式 GB/T 7714 | Hopkins, Michael M,Crane, Philippa A,Nightingale, Paul,等. Buying big into biotech: scale, financing, and the industrial dynamics of UK biotech, 1980–2009.. 2013. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| Ind_Corp_Change-2013（1081KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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