- A-Z
- Jena Economic Resea...
- Volume 3
- Technological Diver...
- Autor(in)
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Friedrich-Schiller-Universität Jena. Wirtschaftswissenschaftliche Fakultät
- Erschienen
- 5. Mai 2009
- Nummer des Discussion-Papers
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2009-031
- Schlagwort(e)
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coherence
Product diversity
product relatedness
technological diversity
technological relatedness
- Zusammenfsg.
-
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.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- evolutionary economics
- JEL-Classification for JER
- O32 - Management of Technological Innovation and R&D ; L25 - Firm Performance: Size, Diversification, and Scope ; L65 - Chemicals; Rubber; Drugs; Biotechnology