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Radical Innovation and Network Evolution: The Effect of the Genomic Revolution on the Evolution of the Pharmaceutical R&D Network

Year: 2007

Type: article

Abstract: This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest that it requires radical technological change for firms to leave their embedded path of existing alliances and form new alliances with new partners. While new partners are mostly found through the firms' existing network, we provide some insight into distant link formation with unknown partners, which contributes to our understanding of how 'small-worlds' might emerge.

Source: Annales d Économie et de Statistique

DOI: 10.2307/27650053

Authors: Sandra Phlippen, Massimo Riccaboni

Institutions: Tinbergen Institute, Erasmus University Rotterdam, IMT School for Advanced Studies Lucca, KU Leuven

Language: English

Topic: Innovation and Knowledge Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W3151589563

FWCI: 4.275

Cites: 47

Cited by: 17

Related to: 10