Business Intelligence

The Impact Of Founder Professional Education Background On The Adoption Of Open Science By For-Profit Biotechnology Firms

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Executive Summary

This paper investigates the effect of founder professional education background on the adoption of the open-science technology management strategy by a sample of 512 young biotechnology firms. One major finding of the paper is that after controlling for founder prior work experience and other organizational and environmental factors, biotechnology firms with proportionally more Ph.D.-holding entrepreneurs on the founding team have higher probability to adopt open science. A second note-worthy finding is that founder professional education background can mitigate the constraint of organizational environment on strategy.

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