How financialisation shapes productive models in pharmaceutical industry: the domination and contradictions of the blockbuster conception of control (In French)

Montalban, Matthieu

How financialisation shapes productive models in pharmaceutical industry: the domination and contradictions of the blockbuster conception of control (In French)

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

Abstract: This article analyses the interaction between competition, productive models and financialisation of the main pharmaceutical companies. After having studied the institutional specificities and the constraints that shape productive models, we analyze how transformations of ownership structures and corporate governance are connected with institutional relationships of the industry, leading to the emergence of a conception of control inciting dominant firms to adopt models focused on the most profitable dugs (blockbusters). This article converges with the conclusion of Palpacuer et al. (2007) on the agrofood industry case. Finally, the article analyzes the main causes of the recent crisis of these models.

Keywords: financialisation; productive model; pharmaceutical industry (search for similar items in EconPapers)
JEL-codes: G32 G34 L65 (search for similar items in EconPapers)
Date: 2009
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Working Paper: How financialisation shapes productive models in pharmaceutical industry: the domination and contradictions of the blockbuster conception of control (In French) (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2009-01

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