Factors Affecting Outbound Open Innovation Performance in Bio-Pharmaceutical Industry-Focus on Out-Licensing Deals

Due to the high risk in development process, bio-pharmaceutical industry has transformed itself into an open innovation framework order overcome economic risk. This study examines relationship between outbound and financial performance industry. Specifically, this extends knowledge-based view link licensor’s sustainability. In provide empirical evidence, uses econometric methodology with several databases including firms. The analysis shows firm’s desorptive capabilities have a significant effect on performance, confirming application of knowledge capacity framework. result can suggest way how licensors maintain sustainability competitiveness