REEPMEYER, GERRIT; GASSMANN, OLIVER; RÜTHER, FRAUKE - In: International Journal of Innovation Management (ijim) 15 (2011) 04, pp. 755-795
Few large pharmaceutical companies have recently discovered out-licensing of terminated R&D results as a way to recoup some of the significant investments made in R&D and to improve R&D productivity. Our empirical investigation reveals that the licensing partners are preferably young, small and...