English, Article, Journal or magazine article edition: Technological Diversity and Future Product Diversity in the Drug Industry Uwe Cantner; Tatiana Plotnikova

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Bookmark: http://trove.nla.gov.au/version/576
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Technological Diversity and Future Product Diversity in the Drug Industry
Author
  • Uwe Cantner
  • Tatiana Plotnikova
Physical Description
  • preprint
Notes
  • This paper deals with the topic of related R&​D and innovation strategies of large firms. We ask what determines the diversity of a firm's product portfolio. More specifically, we try to explain large firms' expansion into new product markets driven by the characteristics of their technological knowledge. Empirically, we study firms in the pharmaceutical and biotech industries, using relevant data on product development and technological knowledge. We find a positive relationship between the diversity of a firm's future product portfolio and the diversity of its stock of technological knowledge. This relationship becomes weaker when the breadth of technological knowledge increases.
  • Product diversity, technological diversity, product relatedness, technological relatedness, coherence
  • RePEc:jrp:jrpwrp:2009-031
Language
  • English
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