IDEAS home Printed from https://ideas.repec.org/p/ins/quaeco/qf0708.html
   My bibliography  Save this paper

Location of value added activities in hi-tech industries. The case of pharma-biotech firms in Italy

Author

Listed:
  • Luciano Fratocchi

    (Department of Mechanical Thermal and Managerial Engineering - University of L’Aquila - Italy)

  • Alberto Onetti

    (Department of Economics, University of Insubria, Italy)

  • Alessia Pisoni

    (Department of Economics, University of Insubria, Italy)

  • Marco Talaia

    (Department of Economics, University of Insubria, Italy)

Abstract

This paper aims at analysing the main features of the activities carried out by the Italian biotech industry. This topic is so wide and various that particularly we decided to focus on the value added activities of the so-called “pharma-biotech”, i.e. pharmaceutical firms that have diversified in the biotech business or pharmaceutical spin-offs. First of all we try to identify the main activities carried out by the studied companies. Particularly, we focus on R&D carried out on biotech, trying to measure its extent both in terms of employees involved and of percentage of total investments. Moreover, we provide a picture of the range of R&D activities performed and the contribution arising from the cooperation with actors in and out of the industry. It is worth pointing out the exploratory scope of this paper that at the present is not yet able to provide through managerial guidelines for decision makers. With this respect, the sample is composed of companies operating in Italy in specific business within the biotech industry. More specifically, in order to reach earlier presented goals, attention was paid on the so called red biotech segment, that is biotech companies which develop drugs and diagnostics. This segment - which is predominant at worldwide level - was further divided accordingly to the adopted business model: born-biotech companies (more focused on R&D activities) and pharma-biotech companies (generally operating also manufacturing and sales activities). The research interest was finally focused on the latter segment, which was divided among pharma-oriented and biotech-oriented companies. The paper is structured in four main sections. In the first one, the most relevant features of biotech firms are discussed on the base of a literature review. In the second paragraph, adopted methodology is presented and sample main characteristics are discussed. In the third section, the main results regarding the localization of R&D activities study carried out on the biotech activities in Italy are presented. The conclusions complete the paper.

Suggested Citation

  • Luciano Fratocchi & Alberto Onetti & Alessia Pisoni & Marco Talaia, 2007. "Location of value added activities in hi-tech industries. The case of pharma-biotech firms in Italy," Economics and Quantitative Methods qf0708, Department of Economics, University of Insubria.
    • Handle: RePEc:ins:quaeco:qf0708
    as

    Download full text from publisher

    File URL: https://www.eco.uninsubria.it/RePEc/pdf/QF2007_8.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Giovanni Crespi & Ivan Ginchev & Matteo Rocca, 2006. "First-order optimality conditions in set-valued optimization," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 63(1), pages 87-106, February.
    2. Johannes Jahn & Rüdiger Rauh, 1997. "Contingent epiderivatives and set-valued optimization," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 46(2), pages 193-211, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mario Cerrato, 2008. "Valuing American Derivatives by Least Squares Methods," Working Papers 2008_12, Business School - Economics, University of Glasgow, revised Sep 2008.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abadir, Karim, 1995. "On Efficient Simulations in Dynamic Models," Discussion Papers 9521, University of Exeter, Department of Economics.
    2. N. L. H. Anh & P. Q. Khanh, 2013. "Variational Sets of Perturbation Maps and Applications to Sensitivity Analysis for Constrained Vector Optimization," Journal of Optimization Theory and Applications, Springer, vol. 158(2), pages 363-384, August.
    3. P. Q. Khanh & N. D. Tuan, 2008. "Variational Sets of Multivalued Mappings and a Unified Study of Optimality Conditions," Journal of Optimization Theory and Applications, Springer, vol. 139(1), pages 47-65, October.
    4. P. Q. Khanh & N. D. Tuan, 2008. "Higher-Order Variational Sets and Higher-Order Optimality Conditions for Proper Efficiency in Set-Valued Nonsmooth Vector Optimization," Journal of Optimization Theory and Applications, Springer, vol. 139(2), pages 243-261, November.
    5. Khushboo & C. S. Lalitha, 2018. "Scalarizations for a unified vector optimization problem based on order representing and order preserving properties," Journal of Global Optimization, Springer, vol. 70(4), pages 903-916, April.
    6. Xiang-Kai Sun & Sheng-Jie Li, 2014. "Generalized second-order contingent epiderivatives in parametric vector optimization problems," Journal of Global Optimization, Springer, vol. 58(2), pages 351-363, February.
    7. Nguyen Thi Toan & Le Quang Thuy, 2023. "S-Derivative of the Extremum Multifunction to a Multi-objective Parametric Discrete Optimal Control Problem," Journal of Optimization Theory and Applications, Springer, vol. 196(1), pages 240-265, January.
    8. Elvira Hernández & Luis Rodríguez-Marín, 2011. "Weak and Strong Subgradients of Set-Valued Maps," Journal of Optimization Theory and Applications, Springer, vol. 149(2), pages 352-365, May.
    9. Tran Van Su, 2023. "Optimality and duality for nonsmooth mathematical programming problems with equilibrium constraints," Journal of Global Optimization, Springer, vol. 85(3), pages 663-685, March.
    10. Nguyen Anh & Phan Khanh, 2013. "Higher-order optimality conditions in set-valued optimization using radial sets and radial derivatives," Journal of Global Optimization, Springer, vol. 56(2), pages 519-536, June.
    11. Tran Su & Dinh Dieu Hang, 2022. "Optimality and duality in nonsmooth multiobjective fractional programming problem with constraints," 4OR, Springer, vol. 20(1), pages 105-137, March.
    12. Giovanni Paolo Crespi & Andreas H. Hamel & Matteo Rocca & Carola Schrage, 2021. "Set Relations via Families of Scalar Functions and Approximate Solutions in Set Optimization," Mathematics of Operations Research, INFORMS, vol. 46(1), pages 361-381, February.
    13. Crespi Giovanni P. & Ginchev Ivan & Rocca Matteo, 2004. "First order optimality conditions in set-valued optimization," Economics and Quantitative Methods qf04010, Department of Economics, University of Insubria.
    14. Luis Rodríguez-Marín & Miguel Sama, 2013. "Scalar Lagrange Multiplier Rules for Set-Valued Problems in Infinite-Dimensional Spaces," Journal of Optimization Theory and Applications, Springer, vol. 156(3), pages 683-700, March.
    15. Michaël Gaydu & Michel Geoffroy & Yvesner Marcelin, 2016. "Prederivatives of convex set-valued maps and applications to set optimization problems," Journal of Global Optimization, Springer, vol. 64(1), pages 141-158, January.
    16. Koushik Das & Savin Treanţă & Tareq Saeed, 2022. "Mond-Weir and Wolfe Duality of Set-Valued Fractional Minimax Problems in Terms of Contingent Epi-Derivative of Second-Order," Mathematics, MDPI, vol. 10(6), pages 1-21, March.
    17. T. D. Chuong & J. C. Yao, 2010. "Generalized Clarke Epiderivatives of Parametric Vector Optimization Problems," Journal of Optimization Theory and Applications, Springer, vol. 146(1), pages 77-94, July.
    18. Giovanni P. Crespi & Carola Schrage, 2021. "Applying set optimization to weak efficiency," Annals of Operations Research, Springer, vol. 296(1), pages 779-801, January.
    19. S. J. Li & K. L. Teo & X. Q. Yang, 2008. "Higher-Order Optimality Conditions for Set-Valued Optimization," Journal of Optimization Theory and Applications, Springer, vol. 137(3), pages 533-553, June.
    20. S. J. Li & S. K. Zhu & K. L. Teo, 2012. "New Generalized Second-Order Contingent Epiderivatives and Set-Valued Optimization Problems," Journal of Optimization Theory and Applications, Springer, vol. 152(3), pages 587-604, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ins:quaeco:qf0708. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Segreteria Dipartimento (email available below). General contact details of provider: https://edirc.repec.org/data/feinsit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.