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Do firms profit from patent litigation? The contingent roles of diversification and intangible assets

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  • Kafouros, Mario
  • Aliyev, Murod
  • Krammer, Sorin M.S.

Abstract

Prior research suggests that firms’ ability to benefit from their technologies is determined by the strength of intellectual property (IP) laws and the inimitability of their technologies. We complement this explanation by suggesting that the generation of profits from technology is also driven by how effectively firms engage in patent infringement litigation (i.e., take legal action against their rivals) to create isolating mechanisms and protect their technologies. We contend that patent infringement litigation is characterized by industry and geographic specificity that affect (disproportionately) revenue generation and costs and, therefore, its net effect on firm profitability. By identifying contingencies that influence the economic returns from patent litigation, the analysis helps us understand why firms experience different profitability outcomes even when they operate in similar IP regimes and possess similar portfolios of technologies.

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  • Kafouros, Mario & Aliyev, Murod & Krammer, Sorin M.S., 2021. "Do firms profit from patent litigation? The contingent roles of diversification and intangible assets," Research Policy, Elsevier, vol. 50(6).
    • Handle: RePEc:eee:respol:v:50:y:2021:i:6:s0048733321000664
    DOI: 10.1016/j.respol.2021.104263
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    10. Mavroudi, Eva & Kafouros, Mario & Jia, Fei & Hong, Junjie, 2023. "How can MNEs benefit from internationalizing their R&D across countries with both weak and strong IPR protection?," Journal of International Management, Elsevier, vol. 29(1).
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