Do intellectual property rights influence cross-border mergers and acquisitions?

Arbeitspapier

This paper analyses whether the strengthening of intellectual property rights (IPRs) systems affects decisions of cross-border mergers and acquisitions (M&As), and whether their influence is different for developed and developing countries and across industrial sectors. We estimate an extended gravity model to study bilateral flows of M&As using data for the post-TRIPS period (1995-2010) and two different indexes that measure the strength of IPRs systems at the country level. We find that IPRs influence decisions of cross-border M&As and facilitate the creation of investment linkages. However, we detect a heterogeneous impact of IPRs on M&As depending on specificities of countries and sectors.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: LEM Working Paper Series ; No. 2016/28

Classification and Topics

• Classification: Wirtschaft ; Intellectual Property and Intellectual Capital ; Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance ; Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; Industrialization; Manufacturing and Service Industries; Choice of Technology
• Subject: Intellectual Property Rights ; Mergers and Acquisitions ; Technological Intensity ; Gravity Model

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Campi, Mercedes ; Dueñas, Marco ; Barigozzi, Matteo ; Fagiolo, Giorgio
• Event: Veröffentlichung
• (who): Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
• (where): Pisa
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/174537
• Last update: 10.03.2025, 11:42 AM CET