The Impact of Organizational Culture on Compensation Structure in Biopharma Licensing Agreements
摘要
By integrating organizational culture and attention-based view, this paper intends to investigate the impact of organizational culture on compensation structure in biopharma licensing agreements.
MethodsGenerative large language models (GLLMs) is used to infer the implication of management philosophy from organizational culture. Multiple linear regression is used to test the impact of organizational culture on compensation structure.
ResultsOrganizational culture significantly influences the compensation structure in biopharma licensing agreements and the level of cash reserve has a moderating effect on the relationship between organizational culture and the percentage of upfront fee.
ConclusionsA company closer to proactive organizational culture is more likely to conclude a licensing agreement with a higher percentage of upfront fee. In contrast, a company closer to conservative organizational culture is more likely to conclude a licensing agreement with a lower percentage of upfront fee. Moreover, financial pressure compels proactive firms to lean even more heavily toward upfront compensation.