Market for technology 2.0?

Detalhes bibliográficos
Autor(a) principal: Moreira, Solon
Data de Publicação: 2023
Outros Autores: Klueter, Thomas Maximilian, Asija, Aman
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/163454
Resumo: Funding Information: T. Klueter acknowledges the research support provided by the Mack Institute for Innovation Management at The Wharton School and financial support from the AEI . PID2020-112957RA-I00 / AEI / 10.13039/501100011033 . Funding Information: A. Asija acknowledges the financial support from the Fundação para a Ciência e a Tecnologia ( UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016 ), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Funding Information: T. Klueter acknowledges the research support provided by the Mack Institute for Innovation Management at The Wharton School and financial support from the AEI. PID2020-112957RA-I00 / AEI / 10.13039/501100011033. A. Asija acknowledges the financial support from the Fundação para a Ciência e a Tecnologia (UIDB/00124/2020, UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016). Publisher Copyright: © 2023 Elsevier B.V.
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spelling Market for technology 2.0?Reassessing the role of complementary assets on licensing decisionsComplementary AssetsContract Development & Manufacturing OrganizationsMarkets for TechnologyTechnology LicensingStrategy and ManagementManagement Science and Operations ResearchManagement of Technology and InnovationFunding Information: T. Klueter acknowledges the research support provided by the Mack Institute for Innovation Management at The Wharton School and financial support from the AEI . PID2020-112957RA-I00 / AEI / 10.13039/501100011033 . Funding Information: A. Asija acknowledges the financial support from the Fundação para a Ciência e a Tecnologia ( UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016 ), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Funding Information: T. Klueter acknowledges the research support provided by the Mack Institute for Innovation Management at The Wharton School and financial support from the AEI. PID2020-112957RA-I00 / AEI / 10.13039/501100011033. A. Asija acknowledges the financial support from the Fundação para a Ciência e a Tecnologia (UIDB/00124/2020, UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016). Publisher Copyright: © 2023 Elsevier B.V.The ability to access specialized complementary assets has been key to explaining how firms benefit from their technological innovations. When firms lack complementary assets the more likely they have to rely on markets for technology to profit from their R&D investments. We extend this view documenting the emergence of a new type of industry intermediary, Contract Development & Manufacturing Organizations (CDMOs), which provide access to complementary assets on a per-use basis. CDMOs allow firms to contract for complementary assets at variable costs without the need to invest in such assets internally. This opens up new product development paths, in which firms do not out-license their products to firms with complementary assets but sustain their development in-house using CDMOs. We highlight that the expansion of services offered by CDMOs changes the nature of the industry's source of competitive advantage and provide empirical evidence that the expansion of CDMOs is associated with a decline in the number of out-licensing deals among US biopharmaceutical firms. In so doing, the study explains how innovation intermediaries like CDMOs can have a profound effect on an industry's specialized complementary assets and the market for technology.NOVA School of Business and Economics (NOVA SBE)RUNMoreira, SolonKlueter, Thomas MaximilianAsija, Aman2024-02-12T22:33:22Z2023-092023-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/163454eng0048-7333PURE: 62826480https://doi.org/10.1016/j.respol.2023.104787info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:46:50Zoai:run.unl.pt:10362/163454Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:59:24.815708Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Market for technology 2.0?
Reassessing the role of complementary assets on licensing decisions
title Market for technology 2.0?
spellingShingle Market for technology 2.0?
Moreira, Solon
Complementary Assets
Contract Development & Manufacturing Organizations
Markets for Technology
Technology Licensing
Strategy and Management
Management Science and Operations Research
Management of Technology and Innovation
title_short Market for technology 2.0?
title_full Market for technology 2.0?
title_fullStr Market for technology 2.0?
title_full_unstemmed Market for technology 2.0?
title_sort Market for technology 2.0?
author Moreira, Solon
author_facet Moreira, Solon
Klueter, Thomas Maximilian
Asija, Aman
author_role author
author2 Klueter, Thomas Maximilian
Asija, Aman
author2_role author
author
dc.contributor.none.fl_str_mv NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Moreira, Solon
Klueter, Thomas Maximilian
Asija, Aman
dc.subject.por.fl_str_mv Complementary Assets
Contract Development & Manufacturing Organizations
Markets for Technology
Technology Licensing
Strategy and Management
Management Science and Operations Research
Management of Technology and Innovation
topic Complementary Assets
Contract Development & Manufacturing Organizations
Markets for Technology
Technology Licensing
Strategy and Management
Management Science and Operations Research
Management of Technology and Innovation
description Funding Information: T. Klueter acknowledges the research support provided by the Mack Institute for Innovation Management at The Wharton School and financial support from the AEI . PID2020-112957RA-I00 / AEI / 10.13039/501100011033 . Funding Information: A. Asija acknowledges the financial support from the Fundação para a Ciência e a Tecnologia ( UIDB/00124/2020 , UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016 ), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016 ). Funding Information: T. Klueter acknowledges the research support provided by the Mack Institute for Innovation Management at The Wharton School and financial support from the AEI. PID2020-112957RA-I00 / AEI / 10.13039/501100011033. A. Asija acknowledges the financial support from the Fundação para a Ciência e a Tecnologia (UIDB/00124/2020, UIDP/00124/2020 and Social Sciences DataLab - PINFRA/22209/2016), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016). Publisher Copyright: © 2023 Elsevier B.V.
publishDate 2023
dc.date.none.fl_str_mv 2023-09
2023-09-01T00:00:00Z
2024-02-12T22:33:22Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/163454
url http://hdl.handle.net/10362/163454
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0048-7333
PURE: 62826480
https://doi.org/10.1016/j.respol.2023.104787
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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