| Title |
Impact of Research and Development Strategy on Sustainable Growth in Multinational Pharmaceutical Companies |
| ID_Doc |
75431 |
| Authors |
Teramae, F; Makino, T; Lim, Y; Sengoku, S; Kodama, K |
| Title |
Impact of Research and Development Strategy on Sustainable Growth in Multinational Pharmaceutical Companies |
| Year |
2020 |
| Published |
Sustainability, 12, 13 |
| DOI |
10.3390/su12135358 |
| Abstract |
Research and development (R&D) productivity is continuously declining, and it is said that the conventional model of pharmaceutical business is becoming obsolete. Many research studies on R&D productivity focus on inputs (e.g., strategic transactions to absorb external innovation, R&D expenditures), outputs (e.g., approvals of a new drug), and outcomes (e.g., total sales, incomes). However, few prior studies address the relationship among these three components simultaneously. Therefore, we comprehensively analyzed factors affecting R&D productivity by statistically examining a sample of 30 large multinational companies. Our results show that strategic transactions do not increase the number of approved drugs and negatively affect growth in terms of total sales. Additionally, our results show that a home-region-oriented international strategy positively affects total sales, thus indicating that responsiveness to local medical needs is important for sustainable growth. This paper contributes to the body of research on R&D productivity in the pharmaceutical industry. |
| Author Keywords |
pharmaceutical industry; R&D; strategic transactions; R&D expenditures; international strategy; strategy implementation; comparison results |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000550191700001 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
https://www.mdpi.com/2071-1050/12/13/5358/pdf?version=1594020865
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