Unpacking open innovation: Absorptive capacity, exploratory and exploitative openness and the growth of entrepreneurial biopharmaceutical firms

........................................................................................... 4 Introduction ...................................................................................... 5 Theoretical background .................................................................. 7 Absorptive Capacity ............................................................. 9 Types of Openness ............................................................. 10 Conceptual framework and hypotheses ...................................... 10 Absorptive Capacity and Openness .................................. 11 Absorptive Capacity, Openness and Firm Growth ........... 13 Data and Methods .......................................................................... 14 Sample and data collection ................................................ 14 Measures ............................................................................. 16 Analytical approach ............................................................ 18 Robustness check .............................................................. 19 Results ............................................................................................ 21 Discussion ...................................................................................... 23 Managerial implications ................................................................ 27 Limitations and future research directions ................................. 27 References ..................................................................................... 35 Unpacking open innovation