Thumbnail Image
Item

How a firm's knowledge base influences its external technology sourcing strategy: The case of biopharmaceutical firms

Gnekpe,Christian
; 
Coeurderoy,Regis
; 
Mulotte,Louis
Abstract
It is widely accepted in innovation management literature that a firm can increase its competitive advantage by recombining knowledge and that knowledge recombination requires engagement in external sourcing activities. What is less known, however, is how a firm's external sourcing strategy - notably its propensity to engage in acquisitions or alliances - is influenced by its internal knowledge base. In this paper, we examine how two critical characteristics of a firm's knowledge base, namely, scientific orientation and technological diversity, influence the extent to which it engages in alliances or acquisitions. We find that both explanatory variables increase firms' likelihood of engaging in external technology sourcing and favouring alliances over acquisitions. Our analyses are based on a sample of European firms operating in the biopharmaceutical industry.
Description
Publisher Copyright: © 2022 Informa UK Limited, trading as Taylor & Francis Group.
Date
2023-02
Journal Title
Journal ISSN
Volume Title
Publisher
Collections
Tilburg University Research Output Collection
Show all metadata
Files
Thumbnail Image
How_a_firm_s_knowledge_base_influences_its_external_technology_sourcing_strategy_the_case_of_biopharmaceutical_firms.pdf
Adobe PDF, 1.22 MB
Research Projects
Organizational Units
Journal Issue
Keywords
Patent portfolio, scientific orientation, technology diversity, external technology sourcing, acquisition, alliance, RESEARCH-AND-DEVELOPMENT, PATENT PORTFOLIO DIVERSITY, SAMPLE SELECTION BIAS, ABSORPTIVE-CAPACITY, INNOVATION PERFORMANCE, INTERNAL KNOWLEDGE, MODERATING ROLE, JOINT VENTURES, LOCAL SEARCH, ALLIANCE, O30 - General, O31 - Innovation and Invention: Processes and Incentives, O33 - Technological Change: Choices and Consequences ; Diffusion Processes, O34 - Intellectual Property and Intellectual Capital, G34 - Mergers ; Acquisitions ; Restructuring ; Corporate Governance, L24 - Contracting Out ; Joint Ventures ; Technology Licensing, SDG 9 - Industry, Innovation, and Infrastructure
Citation
Gnekpe, C, Coeurderoy, R & Mulotte, L 2023, 'How a firm's knowledge base influences its external technology sourcing strategy : The case of biopharmaceutical firms', Industry and Innovation, vol. 30, no. 2, pp. 233-262. https://doi.org/10.1080/13662716.2022.2130035
URI
https://hdl.handle.net/20.500.14602/78524
License
info:eu-repo/semantics/openAccess
cb
Embedded videos