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

Eugenia Suárez-Serrano () and Enzo Piña-Mavarez ()
Additional contact information
Eugenia Suárez-Serrano: Business Administration Department, University of Oviedo, Gijón - 33203, Spain
Enzo Piña-Mavarez: Pharmacy Department, University of the Andes, Mérida - 5101, Venezuela

International Journal of Innovation and Technology Management (IJITM), 2011, vol. 08, issue 02, 191-210

Abstract: 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.

Keywords: Strategic groups; firm performance; pharmaceutical industry; R&D; risk; Spain (search for similar items in EconPapers)
Date: 2011
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219877011002337
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitmx:v:08:y:2011:i:02:n:s0219877011002337

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219877011002337

Access Statistics for this article

International Journal of Innovation and Technology Management (IJITM) is currently edited by H K Tang

More articles in International Journal of Innovation and Technology Management (IJITM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().