Frontiers of Entrepreneurship
TECHNOLOGY STRATEGIES FOR GROWTH AND INNOVATION: A STUDY OF BIOTECHNOLOGY VENTURES
ResourceBased View And Cooperative Relationships
Industrial Organization Perspective And IncumbentEntrant Collaboration
TABLE 1: Summary Statistics and Correlations
TABLE 2: Results Of Regression Analysis. Number Of Patents As The Dependent Variable. Unstandardized Regression Coefficients Reported; Standard Errors Shown In Parentheses.
TABLE 3: Results Of Regression Analysis. Citation Per Patent As The Dependent Variable. Unstandardized Regression Coefficients Reported; Standard Errors Shown In Parentheses.
DISCUSSION AND CONCLUSION
TABLE 4: Results Of Regression Analysis. Firm Growth As The Dependent Variable. Unstandardized Regression Coefficients Reported; Standard Errors Shown In Parentheses.
Despite the large number of entrepreneurial companies involved in cooperative networks in hightechnology industries, there is relatively little work on how R&D collaboration affects startup company outcomes. This study focuses on the effect of technology partner selection and relationship arrangements on young firm growth and innovative performance. Statistical results on a sample of 103 new biotechnology companies show that technological collaboration has contradictory effects: while the number of partners and their average industry tenure is positively related with startup growth and total innovative output, we find that collaboration may become a liability for radical innovation. These results have practical implications for R&D partner selection in entrepreneurial companies. 1
1 Special thanks to Gautam Ahuja and Risto
Miikkulainen for their comments on the earlier version of
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Last Updated 03/15/98