| dc.description.abstract | This study attempts to empirically analyze the survival of the biotechnology industry in the Hsinchu Science Park, since between 1 January 1985 to 31 December 2017, a total of 103 biotechnology manufacturers, 27 of which have exited. The study found that manufacturers with large economic scales have higher survival rates than those with small and medium-sized economies, and the average survival time is 20.38 years. The survival rate of manufacturers with research and development performance is higher than that of non-research and development companies, and the average survival time is 21.95 years. Affiliates vendors have a higher survival rate than independent vendors, with an average survival time of 22.12 years. In short, the economic scale of biotech manufacturers, research and development results, and vendor types are affiliated vendors, there is a lower risk of exit.
According to the research results, the resource-dependent hypothesis cannot be supported. However, resource dependence emphasizes that the organization must be in control of its environment, reduce its dependence on the environment, and enhance the autonomy of the manufacturer, while the parent company or FDI seeks its own or short-term benefits. Therefore, if biotech manufacturers want to reduce the risk of business operations, they must obtain resources with the concept of self-management to maintain a better chance of survival.
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