Skip to main content

The strategic alliance of the biotechnology firm

Buy Article:

$47.00 plus tax (Refund Policy)

This article applies the relevant theories of firm organization and inter-firm relationships in the high-tech environment to explain the institutional reasons that firms choose between internal or external approaches. Particularly, this study tries to understand to what extent and in what way strategic alliances have impacts on individual firms' organizational structure, financial structure and firms' activities. Also it tries to find out what type of firms tend to benefit most from alliances, and thus use more inter-firm agreements. The theoretical findings are that due to liquidity constraint and asymmetric information reasons, young, research-intensive firms need to use more alliances to survive in the fast changing high-technology industry. The empirical analysis employs 3 year panel data and finds that the results are consistent with the theoretical predictions.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Affiliations: Department of Healthcare Information and Management, Ming Chuan University, Taoyuan, Taiwan

Publication date: 2008-12-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more