JOURNAL OF MANAGEMENT POLICY AND PRACTICE
The Impact of Exit Decisions on Successful R&D Alliances
Author(s): David Epstein, Robert T. Keller
Citation: David Epstein, Robert T. Keller, (2012) "The Impact of Exit Decisions on Successful R&D Alliances," Journal of Management Policy and Practice, Vol. 13, Iss. 4, pp. 50 - 60
Article Type: Research paper
Publisher: North American Business Press
In this paper, we focus on the impact of exit decisions on successful R&D alliances. Specifically, we investigate how product exit choices influence the firm’s entry into successful strategic alliances. This longitudinal study examines 10 years of product development in the pharmaceutical industry over a sample of 87 firms. Our findings reveal that firms exiting declining research fields are more likely to form successful R&D alliances than firms expanding into these declining fields.