Resource complementarity and value capture in firm acquisitions: The role of intellectual property rights
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Lanjouw, Jean O & Schankerman, Mark, 2001. "Characteristics of Patent Litigation: A Window on Competition," RAND Journal of Economics, The RAND Corporation, vol. 32(1), pages 129-151, Spring.
- Blind, Knut & Cremers, Katrin & Mueller, Elisabeth, 2009.
"The influence of strategic patenting on companies' patent portfolios,"
Research Policy, Elsevier, vol. 38(2), pages 428-436, March.
- Blind, Knut & Cremers, Katrin & Mueller, Elisabeth, 2007. "The Influence of Strategic Patenting on Companies' Patent Portfolios," ZEW Discussion Papers 07-013, ZEW - Leibniz Centre for European Economic Research.
- Blind, Knut & Cremers, Katrin & Mueller, Elisabeth, 2008. "The influence of strategic patenting on companies' patent portfolios," ZEW Discussion Papers 07-013 [rev.], ZEW - Leibniz Centre for European Economic Research.
- Bronwyn H. Hall, 1990.
"The Impact of Corporate Restructuring on Industrial Research and Development,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(1990 Micr), pages 85-135.
- Bronwyn H. Hall, 1989. "The Impact of Corporate Restructuring on Industrial Research and Development," NBER Working Papers 3216, National Bureau of Economic Research, Inc.
- Bronwyn H. Hall., 1989. "The Impact of Corporate Restructuring on Industrial Research and Development," Economics Working Papers 89-129, University of California at Berkeley.
- Hall, Bronwyn H., 1989. "TheImpact of Corporate Restructuring On Industrial Research and Development," Department of Economics, Working Paper Series qt7dw7p5dq, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Jay B. Barney, 1986. "Strategic Factor Markets: Expectations, Luck, and Business Strategy," Management Science, INFORMS, vol. 32(10), pages 1231-1241, October.
- Bruce Kogut & Udo Zander, 1992. "Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology," Organization Science, INFORMS, vol. 3(3), pages 383-397, August.
- Adam M. Brandenburger & Harborne W. Stuart, 1996. "Value‐based Business Strategy," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 5(1), pages 5-24, March.
- David J. TEECE, 2008.
"Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy,"
World Scientific Book Chapters, in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 5, pages 67-87,
World Scientific Publishing Co. Pte. Ltd..
- Teece, David J., 1986. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," Research Policy, Elsevier, vol. 15(6), pages 285-305, December.
- Teece, David J., 1993. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," Research Policy, Elsevier, vol. 22(2), pages 112-113, April.
- David J. Teece, 2003. "Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy," World Scientific Book Chapters, in: Essays In Technology Management And Policy Selected Papers of David J Teece, chapter 2, pages 11-46, World Scientific Publishing Co. Pte. Ltd..
- Marco Ceccagnoli, 2009. "Appropriability, preemption, and firm performance," Strategic Management Journal, Wiley Blackwell, vol. 30(1), pages 81-98, January.
- Manuel Trajtenberg, 1990. "A Penny for Your Quotes: Patent Citations and the Value of Innovations," RAND Journal of Economics, The RAND Corporation, vol. 21(1), pages 172-187, Spring.
- Jaffe, Adam B, 1986.
"Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits, and Market Value,"
American Economic Review, American Economic Association, vol. 76(5), pages 984-1001, December.
- Adam B. Jaffe, 1986. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value," NBER Working Papers 1815, National Bureau of Economic Research, Inc.
- Grimpe, Christoph & Hussinger, Katrin, 2008.
"Pre-empting technology competition through firm acquisitions,"
Economics Letters, Elsevier, vol. 100(2), pages 189-191, August.
- Grimpe, Christoph & Hussinger, Katrin, 2007. "Pre-empting Technology Competition Through Firm Acquisitions," ZEW Discussion Papers 07-027, ZEW - Leibniz Centre for European Economic Research.
- Gautam Ahuja & Riitta Katila, 2001. "Technological acquisitions and the innovation performance of acquiring firms: a longitudinal study," Strategic Management Journal, Wiley Blackwell, vol. 22(3), pages 197-220, March.
- Cassiman, Bruno & Colombo, Massimo G. & Garrone, Paola & Veugelers, Reinhilde, 2005.
"The impact of M&A on the R&D process: An empirical analysis of the role of technological- and market-relatedness,"
Research Policy, Elsevier, vol. 34(2), pages 195-220, March.
- Cassiman, Bruno & Colombo, Massimo & Garrone, Paola & Veugelers, Reinhilde, 2003. "Impact of M&A on the R&D process. An empirical analysis of the role of technological and market relatedness, The," IESE Research Papers D/500, IESE Business School.
- Bronwyn H. Hall & Adam Jaffe & Manuel Trajtenberg, 2005.
"Market Value and Patent Citations,"
RAND Journal of Economics, The RAND Corporation, vol. 36(1), pages 16-38, Spring.
- Hall, Bronwyn H. & Jaffe, A & Trajtenberg, M, 2005. "Market value and patent citations," Department of Economics, Working Paper Series qt0cs6v2w7, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Criscuolo, Paola & Verspagen, Bart, 2008. "Does it matter where patent citations come from? Inventor vs. examiner citations in European patents," Research Policy, Elsevier, vol. 37(10), pages 1892-1908, December.
- repec:bla:jomstd:v:47:y:2010:i:s2:p:1483-1509 is not listed on IDEAS
- Georg Graevenitz & Stefan Wagner & Dietmar Harhoff, 2013.
"Incidence and Growth of Patent Thickets: The Impact of Technological Opportunities and Complexity,"
Journal of Industrial Economics, Wiley Blackwell, vol. 61(3), pages 521-563, September.
- Harhoff, Dietmar & von Graevenitz, Georg & Wagner, Stefan, 2008. "Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity," CEPR Discussion Papers 6900, C.E.P.R. Discussion Papers.
- Graevenitz, Georg von & Wagner, Stefan & Harhoff, Dietmar, 2011. "Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 356, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2000.
"Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not),"
NBER Working Papers
7552, National Bureau of Economic Research, Inc.
- Wesley M Cohen & Richard R Nelson & John P Walsh, 2003. "Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (Or Not)," Levine's Working Paper Archive 618897000000000624, David K. Levine.
- Hitt, Michael A. & Harrison, Jeffrey S. & Ireland, R. Duane, 2001. "Mergers and Acquisitions: A Guide to Creating Value for Stakeholders," OUP Catalogue, Oxford University Press, number 9780195112856.
- Dietmar Harhoff & Francis Narin & F. M. Scherer & Katrin Vopel, 1999. "Citation Frequency And The Value Of Patented Inventions," The Review of Economics and Statistics, MIT Press, vol. 81(3), pages 511-515, August.
- Kirsten Foss & Nicolai J. Foss, 2005. "Resources and transaction costs: how property rights economics furthers the resource‐based view," Strategic Management Journal, Wiley Blackwell, vol. 26(6), pages 541-553, June.
- Russell W. Coff, 1999. "When Competitive Advantage Doesn't Lead to Performance: The Resource-Based View and Stakeholder Bargaining Power," Organization Science, INFORMS, vol. 10(2), pages 119-133, April.
- Frank T. Rothaermel & Warren Boeker, 2008. "Old technology meets new technology: complementarities, similarities, and alliance formation," Strategic Management Journal, Wiley Blackwell, vol. 29(1), pages 47-77, January.
- Jay B. Barney, 1988. "Returns to bidding firms in mergers and acquisitions: Reconsidering the relatedness hypothesis," Strategic Management Journal, Wiley Blackwell, vol. 9(S1), pages 71-78, June.
- Cloodt, Myriam & Hagedoorn, John & Van Kranenburg, Hans, 2006. "Mergers and acquisitions: Their effect on the innovative performance of companies in high-tech industries," Research Policy, Elsevier, vol. 35(5), pages 642-654, June.
- Rebecca Henderson & Iain Cockburn, 1994.
"Measuring Competence? Exploring Firm Effects in Pharmaceutical Research,"
Strategic Management Journal, Wiley Blackwell, vol. 15(S1), pages 63-84, December.
- Henderson, Rebecca. & Cockburn, Iain., 1994. "Measuring competence? : exploring firm effects in pharmaceutical research," Working papers 3712-94., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Cohen, Wesley M. & Goto, Akira & Nagata, Akiya & Nelson, Richard R. & Walsh, John P., 2002. "R&D spillovers, patents and the incentives to innovate in Japan and the United States," Research Policy, Elsevier, vol. 31(8-9), pages 1349-1367, December.
- Iain M. Cockburn & Megan J. MacGarvie, 2011.
"Entry and Patenting in the Software Industry,"
Management Science, INFORMS, vol. 57(5), pages 915-933, May.
- Iain M. Cockburn & Megan J. MacGarvie, 2006. "Entry and Patenting in the Software Industry," NBER Working Papers 12563, National Bureau of Economic Research, Inc.
- Gregory D. Graff & Gordon C. Rausser & Arthur A. Small, 2003. "Agricultural Biotechnology's Complementary Intellectual Assets," The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 349-363, May.
- Harhoff, Dietmar & Gambardella, Alfonso & Verspagen, Bart, 2008. "The Value of European Patents," CEPR Discussion Papers 6848, C.E.P.R. Discussion Papers.
- Steven A. Lippman & Richard P. Rumelt, 2003. "A bargaining perspective on resource advantage," Strategic Management Journal, Wiley Blackwell, vol. 24(11), pages 1069-1086, November.
- Edwin Mansfield, 1986. "Patents and Innovation: An Empirical Study," Management Science, INFORMS, vol. 32(2), pages 173-181, February.
- Harhoff, Dietmar & Reitzig, Markus, 2004.
"Determinants of opposition against EPO patent grants--the case of biotechnology and pharmaceuticals,"
International Journal of Industrial Organization, Elsevier, vol. 22(4), pages 443-480, April.
- Harhoff, Dietmar & Reitzig, Markus, 2002. "Determinants of Opposition Against EPO Patent Grants - The Case of Biotechnology and Pharmaceuticals," CEPR Discussion Papers 3645, C.E.P.R. Discussion Papers.
- Czarnitzki, Dirk & Hussinger, Katrin & Leten, Bart, 2011. "The market value of blocking patent citations," ZEW Discussion Papers 11-021, ZEW - Leibniz Centre for European Economic Research.
- Colin Webb & Hélène Dernis & Dietmar Harhoff & Karin Hoisl, 2005. "Analysing European and International Patent Citations: A Set of EPO Patent Database Building Blocks," OECD Science, Technology and Industry Working Papers 2005/9, OECD Publishing.
- Hélène Dernis & Mosahid Khan, 2004. "Triadic Patent Families Methodology," OECD Science, Technology and Industry Working Papers 2004/2, OECD Publishing.
- Dominique Guellec & Catalina Martinez & Pluvia Zuniga, 2012.
"Pre-emptive patenting: securing market exclusion and freedom of operation,"
Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(1), pages 1-29, October.
- Dominique Guellec & Catalina Martinez & Maria Pluvia Zuniga, 2009. "Pre-Emptive Patenting: Securing Market Exclusion and Freedom of Operation," OECD Science, Technology and Industry Working Papers 2009/8, OECD Publishing.
- Jacques Michel & Bernd Bettels, 2001. "Patent citation analysis.A closer look at the basic input data from patent search reports," Scientometrics, Springer;Akadémiai Kiadó, vol. 51(1), pages 185-201, April.
- Melissa E. Graebner, 2004. "Momentum and serendipity: how acquired leaders create value in the integration of technology firms," Strategic Management Journal, Wiley Blackwell, vol. 25(8‐9), pages 751-777, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Grimpe, Christoph & Hussinger, Katrin, 2008.
"Building and Blocking: The Two Faces of Technology Acquisition,"
ZEW Discussion Papers
08-042, ZEW - Leibniz Centre for European Economic Research.
- Grimpe, Christoph & Hussinger, Katrin, 2009. "Building and Blocking: The Two Faces of Technology Acquisition," ZEW Discussion Papers 08-042 [rev.], ZEW - Leibniz Centre for European Economic Research.
- Dirk Czarnitzki & Katrin Hussinger & Bart Leten, 2020. "How Valuable are Patent Blocking Strategies?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 56(3), pages 409-434, May.
- Wagner, Stefan & Wakeman, Simon, 2016.
"What do patent-based measures tell us about product commercialization? Evidence from the pharmaceutical industry,"
Research Policy, Elsevier, vol. 45(5), pages 1091-1102.
- Stefan Wagner & Simon Wakeman, 2014. "What do patent-based measures tell us about product commercialization? Evidence from the pharmaceutical industry," ESMT Research Working Papers ESMT-14-01 (R1), ESMT European School of Management and Technology, revised 09 Mar 2015.
- Adam B. Jaffe & Gaétan de Rassenfosse, 2017.
"Patent citation data in social science research: Overview and best practices,"
Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 68(6), pages 1360-1374, June.
- Adam B. Jaffe & Gaétan de Rassenfosse, 2016. "Patent Citation Data in Social Science Research: Overview and Best Practices," NBER Working Papers 21868, National Bureau of Economic Research, Inc.
- Dirk Czarnitzki & Katrin Hussinger & Cédric Schneider, 2009.
"Why Challenge the Ivory Tower? New Evidence on the Basicness of Academic Patents,"
Kyklos, Wiley Blackwell, vol. 62(4), pages 488-499, November.
- Czarnitzki, Dirk & Hussinger, Katrin & Schneider, Cédric, 2009. "Why challenge the ivory tower? New evidence on the basicness of academic patents," ZEW Discussion Papers 09-029, ZEW - Leibniz Centre for European Economic Research.
- Chondrakis, George, 2016. "Unique synergies in technology acquisitions," Research Policy, Elsevier, vol. 45(9), pages 1873-1889.
- Cappelli, Riccardo & Corsino, Marco & Laursen, Keld & Torrisi, Salvatore, 2023. "Technological competition and patent strategy: Protecting innovation, preempting rivals and defending the freedom to operate," Research Policy, Elsevier, vol. 52(6).
- Maria Chiara Di Guardo & Kathryn Rudie Harrigan & Elona Marku, 2019. "M&A and diversification strategies: what effect on quality of inventive activity?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(3), pages 669-692, September.
- Nagaoka, Sadao & Motohashi, Kazuyuki & Goto, Akira, 2010. "Patent Statistics as an Innovation Indicator," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1083-1127, Elsevier.
- Li, Shi & Ang, James S. & Wu, Chaopeng & Yang, Shijie, 2021. "Valuing technological synergies in mergers," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
- Dirk Czarnitzki & Katrin Hussinger & Cédric Schneider, 2012.
"The nexus between science and industry: evidence from faculty inventions,"
The Journal of Technology Transfer, Springer, vol. 37(5), pages 755-776, October.
- Czarnitzki, Dirk & Hussinger, Katrin & Schneider, Cédric, 2009. "The nexus between science and industry: evidence from faculty inventions," ZEW Discussion Papers 09-028, ZEW - Leibniz Centre for European Economic Research.
- Cloodt, Myriam & Hagedoorn, John & Van Kranenburg, Hans, 2006. "Mergers and acquisitions: Their effect on the innovative performance of companies in high-tech industries," Research Policy, Elsevier, vol. 35(5), pages 642-654, June.
- Antoine Dechezleprêtre & Yann Ménière & Myra Mohnen, 2017.
"International patent families: from application strategies to statistical indicators,"
Scientometrics, Springer;Akadémiai Kiadó, vol. 111(2), pages 793-828, May.
- Antoine Dechezleprêtre & Yann Ménière & Myra Mohnen, 2017. "International patent families: from application strategies to statistical indicators," Post-Print hal-01693881, HAL.
- Antoine Dechezleprêtre & Yann Ménière & Myra Mohnen, 2017. "International patent families: from application strategies to statistical indicators," GRI Working Papers 264, Grantham Research Institute on Climate Change and the Environment.
- Dechezleprêtre, Antoine & Ménière, Yann & Mohnen, Myra, 2017. "International patent families: from application strategies to statistical indicators," LSE Research Online Documents on Economics 69486, London School of Economics and Political Science, LSE Library.
- Malva, Antonio Della & Hussinger, Katrin, 2012.
"Corporate science in the patent system: An analysis of the semiconductor technology,"
Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 118-135.
- Della Malva, Antonio & Hussinger, Katrin, 2010. "Corporate science in the patent system: An analysis of the semiconductor technology," ZEW Discussion Papers 10-098, ZEW - Leibniz Centre for European Economic Research.
- Wagner, Stefan & Sternitzke, Christian & Walter, Sascha, 2022.
"Mapping Markush,"
Research Policy, Elsevier, vol. 51(10).
- Stefan Wagner & Christian Sternitzke & Sascha Walter, 2022. "Mapping Markush," ESMT Research Working Papers ESMT-22-05, ESMT European School of Management and Technology.
- Dietmar Harhoff & Georg von Graevenitz & Stefan Wagner, 2016.
"Conflict Resolution, Public Goods, and Patent Thickets,"
Management Science, INFORMS, vol. 62(3), pages 704-721, March.
- Dietmar Harhoff & Georg von Graevenitz & Stefan Wagner, 2012. "Conflict resolution, public goods and patent thickets," ESMT Research Working Papers ESMT-12-04 (R1), ESMT European School of Management and Technology, revised 25 Mar 2013.
- Dietmar Harhoff & Georg von Graevenitz & Stefan Wagner, 2013. "Conflict Resolution, Public Goods and Patent Thickets," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2013-04, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Dietmar Harhoff & Georg von Graevenitz & Stefan Wagner, 2014. "Conflict Resolution, Public Goods and Patent Thickets," Working Papers 49, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
- Harhoff, Dietmar & von Graevenitz, Georg & Wagner, Stefan, 2013. "Conflict Resolution, Public Goods and Patent Thickets," CEPR Discussion Papers 9468, C.E.P.R. Discussion Papers.
- Gnekpe, Christian & Jimenez, Alfredo, 2023. "Smoke signal: When firms' patent strategy and local patent protection system affect equity stakes in cross-border acquisitions," Journal of International Management, Elsevier, vol. 29(6).
- Bart Leten & Rene Belderbos & Bart Van Looy, 2016.
"Entry and Technological Performance in New Technology Domains: Technological Opportunities, Technology Competition and Technological Relatedness,"
Journal of Management Studies, Wiley Blackwell, vol. 53(8), pages 1257-1291, December.
- Bart Leten & Rene Belderbos & Bart Van Looy, 2016. "Entry and technological performance in new technology domains: Technological opportunities, technology competition and technological relatedness," Working Papers of Department of Management, Strategy and Innovation, Leuven 540570, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.
- Hussinger, Katrin & Grimpe, Christoph, 2007. "Firm Acquisitions and Technology Strategy: Corporate versus Private Equity Investors," ZEW Discussion Papers 07-066, ZEW - Leibniz Centre for European Economic Research.
- Arroyabe, M. F. & Hussinger, Katrin & Hagedoorn, John, 2020.
"Hiring new key inventors to improve firms' post-M&A inventive output,"
ZEW Discussion Papers
20-029, ZEW - Leibniz Centre for European Economic Research.
- Marta F. Arroyabe & Katrin Hussinger & John Hagedoorn, 2020. "Hiring New Key Inventors to Improve Firms’ Post-M&A Inventive Output," DEM Discussion Paper Series 20-19, Department of Economics at the University of Luxembourg.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:stratm:v:35:y:2014:i:12:p:1762-1780. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/0143-2095 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.