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Outsourcing of research and development and efficiency: a DEA non-parametric analysis of the contract research organisations industry

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dc.contributor.authorDíaz, Ricardo F.
dc.contributor.authorSánchez-Robles Rute, Blanca
dc.date.accessioned2024-12-10T08:37:02Z
dc.date.available2024-12-10T08:37:02Z
dc.date.issued2022-12-14
dc.descriptionLa versión registrada de este artículo, publicado por primera vez en Economic Research-Ekonomska Istraživanja, 36(3), está disponible en línea en el sitio web del editor: https://doi.org/10.1080/1331677X.2022.2153374 The registered version of this article, first published in Economic Research-Ekonomska Istraživanja, 36(3), is available online on the publisher's website: https://doi.org/10.1080/1331677X.2022.2153374
dc.description.abstractOutsourcing to Contract Research Organisations (CROs) has become a widespread practice by bio-pharmaceutical firms seeking to reduce the costs associated with the development of new products. This study empirically analyses the efficiency of the CROs industry by looking at a sample of firms operating internationally over 2012–2020. We compute Data Envelopment Analysis (DEA) efficiency scores for each firm and year. The average bootstrap efficiency in the sample is 0.665, robust across specifications and increasing over 2012–2020. The best performing firms are PPD Australia, Centre Recherches Biologiques and Oy Medfiles. Our results suggest that very large and very small companies outperform the rest in terms of efficiency, which points to the co-existence of increasing returns to scale and niche competitive advantages in the industry.en
dc.description.versionversión publicada
dc.identifier.citationDíaz, R. F., & Sanchez-Robles, B. (2022). Outsourcing of research and development and efficiency: a DEA non-parametric analysis of the contract research organisations industry. Economic Research-Ekonomska Istraživanja, 36(3). https://doi.org/10.1080/1331677X.2022.2153374
dc.identifier.doihttps://doi.org/10.1080/1331677X.2022.2153374
dc.identifier.issn1331-677X
dc.identifier.urihttps://hdl.handle.net/20.500.14468/24781
dc.journal.issue3
dc.journal.titleEconomic Research-Ekonomska Istraživanja
dc.journal.volume36
dc.language.isoen
dc.publisherTaylor & Francis
dc.relation.centerFacultades y escuelas::Facultad de Ciencias Económicas y Empresariales
dc.relation.departmentAnálisis Económico
dc.relation.isreferencedbyhttps://doi.org/10.21950/1DUOLH
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
dc.subject53 Ciencias Económicas
dc.subject.keywordsContract Research Organisationsen
dc.subject.keywordsbio- pharmaceutical industryen
dc.subject.keywordsnon-parametric efficiencyen
dc.subject.keywordsdata envelopment analysisen
dc.subject.keywordsR&D outsourcingen
dc.subject.keywordsSimar–Wilsonen
dc.titleOutsourcing of research and development and efficiency: a DEA non-parametric analysis of the contract research organisations industryen
dc.typeartículoes
dc.typejournal articleen
dspace.entity.typePublication
relation.isAuthorOfPublication8572c8f0-e05c-4c6b-97c2-c6f535ff6698
relation.isAuthorOfPublication.latestForDiscovery8572c8f0-e05c-4c6b-97c2-c6f535ff6698
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