R&D, RISK, AND PERFORMANCE IN THE SPANISH PHARMACEUTICAL INDUSTRY: A STRATEGIC GROUP ANALYSIS

被引:2
|
作者
Suarez-Serrano, Eugenia [1 ]
Pina-Mavarez, Enzo [2 ]
机构
[1] Univ Oviedo, Business Adm Dept, Gijon 33203, Spain
[2] Univ Andes, Pharm Dept, Merida 5101, Venezuela
关键词
Strategic groups; firm performance; pharmaceutical industry; R&D; risk; Spain;
D O I
10.1142/S0219877011002337
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
This paper shows an analysis of strategic groups in the Spanish pharmaceutical industry. The first results reveal that differences between company performance and strategic groups do not exist. However, taking into account the innovative process in the pharmaceutical industry, when considering the risk-adjusted results we have confirmed the existence of differences among the strategic groups for some of the used indicators. The combination of radical and low-impact innovations, production for third parties, and commercialization under licenses can offer a better performance than other groups focused exclusively in innovation or in specific market segments.
引用
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页码:191 / 210
页数:20
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