{"id":"https://openalex.org/W2980255840","doi":"https://doi.org/10.1287/mnsc.2019.3530","title":"Rushed Innovation: Evidence from Drug Licensing","display_name":"Rushed Innovation: Evidence from Drug Licensing","publication_year":2020,"publication_date":"2020-04-08","ids":{"openalex":"https://openalex.org/W2980255840","doi":"https://doi.org/10.1287/mnsc.2019.3530","mag":"2980255840"},"language":"en","primary_location":{"id":"doi:10.1287/mnsc.2019.3530","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2019.3530","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042856073","display_name":"Manuel Hermosilla","orcid":"https://orcid.org/0000-0002-5851-2303"},"institutions":[{"id":"https://openalex.org/I145311948","display_name":"Johns Hopkins University","ror":"https://ror.org/00za53h95","country_code":"US","type":"education","lineage":["https://openalex.org/I145311948"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Manuel Hermosilla","raw_affiliation_strings":["Carey Business School, Johns Hopkins University, Baltimore, Maryland 21202"],"raw_orcid":"https://orcid.org/0000-0002-5851-2303","affiliations":[{"raw_affiliation_string":"Carey Business School, Johns Hopkins University, Baltimore, Maryland 21202","institution_ids":["https://openalex.org/I145311948"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5042856073"],"corresponding_institution_ids":["https://openalex.org/I145311948"],"apc_list":null,"apc_paid":null,"fwci":4.1797,"has_fulltext":false,"cited_by_count":37,"citation_normalized_percentile":{"value":0.95162494,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":"67","issue":"1","first_page":"257","last_page":"278"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11792","display_name":"Pharmaceutical Economics and Policy","score":0.998199999332428,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11792","display_name":"Pharmaceutical Economics and Policy","score":0.998199999332428,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10856","display_name":"Intellectual Property and Patents","score":0.9955000281333923,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.9846000075340271,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/negotiation","display_name":"Negotiation","score":0.6425492167472839},{"id":"https://openalex.org/keywords/timeline","display_name":"Timeline","score":0.6029810905456543},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5612077713012695},{"id":"https://openalex.org/keywords/quality","display_name":"Quality (philosophy)","score":0.5330349802970886},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.51328444480896},{"id":"https://openalex.org/keywords/event","display_name":"Event (particle physics)","score":0.503675639629364},{"id":"https://openalex.org/keywords/process","display_name":"Process (computing)","score":0.4581427276134491},{"id":"https://openalex.org/keywords/zh\u00e0ng","display_name":"Zh\u00e0ng","score":0.4309949576854706},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.35475412011146545},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.33865082263946533},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.2581981122493744},{"id":"https://openalex.org/keywords/law","display_name":"Law","score":0.15011531114578247},{"id":"https://openalex.org/keywords/political-science","display_name":"Political science","score":0.11142602562904358},{"id":"https://openalex.org/keywords/history","display_name":"History","score":0.098471999168396},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.09766188263893127}],"concepts":[{"id":"https://openalex.org/C199776023","wikidata":"https://www.wikidata.org/wiki/Q202875","display_name":"Negotiation","level":2,"score":0.6425492167472839},{"id":"https://openalex.org/C4438859","wikidata":"https://www.wikidata.org/wiki/Q186117","display_name":"Timeline","level":2,"score":0.6029810905456543},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5612077713012695},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.5330349802970886},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.51328444480896},{"id":"https://openalex.org/C2779662365","wikidata":"https://www.wikidata.org/wiki/Q5416694","display_name":"Event (particle physics)","level":2,"score":0.503675639629364},{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.4581427276134491},{"id":"https://openalex.org/C2777045944","wikidata":"https://www.wikidata.org/wiki/Q12170198","display_name":"Zh\u00e0ng","level":3,"score":0.4309949576854706},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.35475412011146545},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.33865082263946533},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.2581981122493744},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.15011531114578247},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.11142602562904358},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.098471999168396},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.09766188263893127},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1287/mnsc.2019.3530","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2019.3530","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.5400000214576721,"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":64,"referenced_works":["https://openalex.org/W1515142069","https://openalex.org/W1598566743","https://openalex.org/W1663154925","https://openalex.org/W1895993106","https://openalex.org/W1965236290","https://openalex.org/W1973162559","https://openalex.org/W1974240165","https://openalex.org/W1977325092","https://openalex.org/W1980177098","https://openalex.org/W1997362383","https://openalex.org/W2008882796","https://openalex.org/W2017976931","https://openalex.org/W2020026210","https://openalex.org/W2020597353","https://openalex.org/W2021378946","https://openalex.org/W2034091242","https://openalex.org/W2038981426","https://openalex.org/W2041041006","https://openalex.org/W2057744370","https://openalex.org/W2065496216","https://openalex.org/W2065812641","https://openalex.org/W2072416234","https://openalex.org/W2083258699","https://openalex.org/W2093858501","https://openalex.org/W2103157313","https://openalex.org/W2112612878","https://openalex.org/W2112745877","https://openalex.org/W2119545455","https://openalex.org/W2121175754","https://openalex.org/W2126683408","https://openalex.org/W2131850093","https://openalex.org/W2131870201","https://openalex.org/W2135452435","https://openalex.org/W2143953139","https://openalex.org/W2149134340","https://openalex.org/W2150291618","https://openalex.org/W2152218205","https://openalex.org/W2163641917","https://openalex.org/W2166550586","https://openalex.org/W2208550830","https://openalex.org/W2270250427","https://openalex.org/W2273267066","https://openalex.org/W2343584522","https://openalex.org/W2396649694","https://openalex.org/W2531470489","https://openalex.org/W2783728782","https://openalex.org/W2789816271","https://openalex.org/W2794625603","https://openalex.org/W2911964244","https://openalex.org/W2913603796","https://openalex.org/W2962727190","https://openalex.org/W3025811516","https://openalex.org/W3122161487","https://openalex.org/W3123271837","https://openalex.org/W3123606336","https://openalex.org/W3124033313","https://openalex.org/W3125292970","https://openalex.org/W3125487025","https://openalex.org/W3125571233","https://openalex.org/W3144308956","https://openalex.org/W3147894994","https://openalex.org/W4236831567","https://openalex.org/W4239020633","https://openalex.org/W4300870773"],"related_works":["https://openalex.org/W1858249912","https://openalex.org/W2114034199","https://openalex.org/W2317428717","https://openalex.org/W2734259032","https://openalex.org/W4385261515","https://openalex.org/W3094038556","https://openalex.org/W4296345146","https://openalex.org/W2014772881","https://openalex.org/W4254228154","https://openalex.org/W3049477255"],"abstract_inverted_index":{"We":[0,30],"study":[1],"the":[2,17,42,56,117,135,144,148,155,158],"drug":[3],"licensing":[4,37,149],"behavior":[5],"(acquisition":[6],"of":[7,12,19,41,74,84,102,137,147,157],"rights":[8],"for":[9],"developing":[10],"drugs)":[11],"large":[13,20],"pharmaceutical":[14],"firms":[15,161],"in":[16,96,107,123,143],"aftermath":[18],"negative":[21],"shocks":[22],"to":[23,35,115,163],"their":[24],"pipelines,":[25],"phase":[26],"3":[27],"failures":[28],"(P3Fs).":[29],"find":[31],"that":[32,63,93,129,160],"P3Fs":[33],"lead":[34],"increased":[36],"within":[38],"a":[39,52,60,72,82,100,103],"year":[40,50,101],"event.":[43],"This":[44,167],"result":[45],"is":[46,51,59,92],"significant,":[47],"because":[48],"one":[49],"short":[53],"window":[54],"given":[55],"usual":[57],"timelines\u2014licensing":[58],"lengthy":[61],"process":[62,150],"requires":[64],"extensive":[65],"planning":[66],"and":[67,151],"careful":[68],"execution.":[69],"Supported":[70],"by":[71,171],"series":[73],"additional":[75],"results,":[76],"we":[77],"interpret":[78],"this":[79,130],"finding":[80,91],"as":[81],"reflection":[83],"rushed":[85],"firm":[86],"behavior.":[87],"Correspondingly,":[88],"our":[89],"main":[90],"drugs":[94],"licensed":[95,122],"these":[97],"circumstances":[98],"(within":[99],"P3F":[104],"event)":[105],"underperform":[106],"subsequent":[108],"development:":[109],"they":[110],"are":[111],"significantly":[112],"less":[113],"likely":[114],"reach":[116],"market":[118],"compared":[119],"with":[120],"others":[121],"normal":[124],"conditions.":[125],"Further":[126],"analysis":[127],"suggests":[128],"underperformance":[131],"may":[132],"stem":[133],"from":[134],"influence":[136],"rush":[138],"on":[139,154],"activities":[140],"taking":[141],"place":[142],"\u201clast":[145],"mile\u201d":[146],"could":[152],"hinge":[153],"quality":[156],"agreements":[159],"converge":[162],"during":[164],"contract":[165],"negotiations.":[166],"paper":[168],"was":[169],"accepted":[170],"Juanjuan":[172],"Zhang,":[173],"marketing.":[174]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":4},{"year":2018,"cited_by_count":1}],"updated_date":"2026-08-01T09:00:35.917206","created_date":"2025-10-10T00:00:00"}
