Title: The impact of internal & external basic research on the technological performance of pharmaceutical firms
Authors: Kelchtermans, Stijn
Leten, Bart
Belderbos, Rene #
Issue Date: 25-Feb-2010
Host Document: Proceedings Chair Leo Tindemans 2010: innovation and creativity, the driving force of Europe's future economy (cd-rom)
Conference: Innovation and Creativity, The driving force of Europe’s future economy location:Antwerp (Belgium) date:25 February 2010
Abstract: We evaluate the impact of basic research on pharmaceutical firms’ technological performance, distinguishing between internal basic research and the exploitation of external basic research findings. We find that firms increase their performance by engaging more in internal basic research, in particular if basic research is conducted in collaboration with university scientists. The exploitation of external basic research improves performance, while the magnitude increases with firms’ involvement in internal basic research. Hence, internal basic research and the exploitation of external basic research are complements, suggesting that internal basic research provides firms with the skills to exploit external basic research more effectively.
Publication status: published
KU Leuven publication type: IMa
Appears in Collections:Department of Managerial Economics, Strategy and Innovation (MSI), Leuven
Research Centre for Globalization, Innovation and Competition, Campus Brussels (-)
Faculty of Economics and Business (FEB) - miscellaneous
# (joint) last author

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