摘要:

The spatiotemporal context a ects corporate behavior because any corporate activity is carried out in a speci c time and space. Based on an examination on the research and development (R&D) expenditures of 284 listed biopharmaceutical companies in China, this study nds that the innovation space of the biopharmaceutical industry presents a spa- tial “North–South” pattern. The spatial gravity center of the biopharmaceutical industry’s R&D investment has been shifting to the eastern coastal region. This spatiotemporal con- text will impact the R&D investment of biopharmaceutical companies. Research shows that the distance between biopharmaceutical companies and the gravity center has a direct impact on the R&D expenditures of biopharmaceutical companies. This study supports the context-sensitive thesis and shows how the spatiotemporal context a ects the R&D invest- ment of biopharmaceutical companies while controlling rm-level factors.

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