Abstract
This paper investigates the matching of firms on the market for technology. The paper forwards two dimensions along which license formation occurs: technology and product-market. Both sides of the market search for a partner representing potential for high technology synergies to maximize licensing benefits and obviate issues related to technology transfer and knowledge recombination. At the same time, firms wish to select a partner operating in a different product market to minimize competitive downside issues and to access other product markets, skills and resources. We contend interdependence between technology and market forces: if partners are market distant, the likelihood of technology license contractual partnership decreases with partners’ technological distance. Using data on the formation of license partnerships in the global biopharmaceutical industry over the period 1994-2004 the paper lends empirical support for the theoretical predictions.
Originalsprog | Engelsk |
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Titel | Academy of Management Proceedings 2013 |
Redaktører | Leslie Toombs |
Udgivelsessted | Briar Cliff Manor, NY |
Forlag | Academy of Management |
Publikationsdato | 2013 |
Sider | 1139-1144 |
Artikelnummer | 15620 |
Status | Udgivet - 2013 |
Begivenhed | The Academy of Management Annual Meeting 2013: Capitalism in Question - Lake Bueno Vista (Orlando), FL, USA Varighed: 9 aug. 2013 → 13 aug. 2013 Konferencens nummer: 73 http://aom.org/annualmeeting/ |
Konference
Konference | The Academy of Management Annual Meeting 2013 |
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Nummer | 73 |
Land/Område | USA |
By | Lake Bueno Vista (Orlando), FL |
Periode | 09/08/2013 → 13/08/2013 |
Internetadresse |
Navn | Academy of Management Proceedings |
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Vol/bind | 2013 |
ISSN | 2151-6561 |
Emneord
- Market proximity
- Technological distance
- Technology license partnering