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Organizational Scope and Investment: Evidence from the Drug Development Strategies and Performance of Biopharmaceutical Firms
16 references·10 citing·35 second hop
Organizational Scope and Investment: Evidence from the Drug Development Strategies and Performance of Biopharmaceutical Firms (2004)Organizational Scope and Investment: Evid…The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment (2008)The Dark Side of Internal Cap…Productivity in pharmaceutical–biotechnology R&D: the role of experience and alliances (2005)Productivity in pharmaceutica…The price of innovation: new estimates of drug development costs (2003)The price of innovation: new …Do equity financing cycles matter? evidence from biotechnology alliances (2003)Do equity financing cycles ma…Do Conglomerate Firms Allocate Resources Inefficiently Across Industries? 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References

  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 2003The price of innovation: new estimates of drug development costs4,264 cited
  • 1997Internal Capital Markets and the Competition for Corporate Resources1,779 cited
  • 2000The Cost of Diversity: The Diversification Discount and Inefficient Investment1,684 cited
  • 2000The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment1,556 cited
  • 1998Are Internal capital Markets Efficient?1,050 cited
  • 2002Do Conglomerate Firms Allocate Resources Inefficiently Across Industries? Theory and Evidence759 cited
  • 1998The Cost of Diversity: The Diversification Discount and Inefficient Investment409 cited
  • 2008The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment390 cited
  • 1998The Dark Side of Internal Capital Markets II: Evidence from Diversified Conglomerates359 cited
  • 2003Do equity financing cycles matter? evidence from biotechnology alliances351 cited
  • 2005Productivity in pharmaceutical–biotechnology R&D: the role of experience and alliances290 cited
  • 2001The Bright Side of Internal Capital Markets267 cited

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  • 1991A Test of the Free Cash Flow Hypothesis: The Case of Bidder Returns253 cited
  • 2001Scale and scope in drug development: unpacking the advantages of size in pharmaceutical research221 cited
  • Cited by

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    • 2023Corporate diversification and labor investment efficiency: Evidence from China26 cited
    • 2005Ownership vs. Contract: How Vertical Integration Affects Investment Decisions in Pharmaceutical R&D26 cited
    • 2024A q$q$ Theory of Internal Capital Markets24 cited
    • 2010Venture Capital and Innovation24 cited
    • 2022Dissecting Conglomerate Valuations19 cited
    • 2010Financing Risk and Bubbles of Innovation18 cited
    • 2014Financing Innovation18 cited
    • 2007Innovation in Business Groups17 cited
    • 2018Organizational Form and Corporate Payout Policy15 cited