Author:
Fabiano Gianluca,Marcellusi Andrea,Favato Giampiero
Abstract
AbstractBasic research creates new knowledge that fuels technological advances. However, budgetary concerns and escalating R&D prices are challenging organizations to show returns from investments in scientific research. Few attempts are made to analyse research that leads to pharmaceutical innovation. In particular, the financial contribution of public and private organizations to the riskiest stage of biomedical discovery has remained unclear and partially unexplored. This study is a first attempt to shed light on the financial support to basic research by public and private sectors using publications data. We conducted an exploratory analysis of funding acknowledgments on publications authored by the founding scientists of 91 ‘drug originator’ companies in United Kingdom. The nature and distribution of the support acknowledged to the research conducted before the company creation was analysed and the impact of publications and type of support were statistically tested. We found the majority of publications acknowledged public institutions, whereas, commercial organisations were likely to support those with privately affiliated authors. Based on these findings, we discussed the need to foster collaborative research and to set adequate incentives for shared risks and benefits from investments in knowledge creation.
Publisher
Springer Science and Business Media LLC
Subject
Library and Information Sciences,Computer Science Applications,General Social Sciences
Reference58 articles.
1. Abramo, G., D’Angelo, C. A., & Caprasecca, A. (2009). Allocative efficiency in public research funding: Can bibliometrics help? Research Policy,38(1), 206–215.
2. Álvarez-Bornstein, B., Morillo, F., & Bordons, M. (2017). Funding acknowledgments in the web of science: Completeness and accuracy of collected data. Scientometrics,112(3), 1793–1812.
3. Arrow, K. J. (1978). Uncertainty and the welfare economics of medical care. In J. D. Hey (Ed.), Uncertainty in economics (pp. 345–375). Amsterdam: Elsevier.
4. Audretsch, D. B., & Stephan, P. E. (1996). Company-scientist locational links: The case of biotechnology. The American Economic Review,86(3), 641–652.
5. Azoulay, P., Ding, W., & Stuart, T. (2007). The determinants of faculty patenting behavior: Demographics or opportunities? Journal of Economic Behavior & Organization,63(4), 599–623.
Cited by
6 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献