Technology Sourcing Through Acquisitions Do High Quality Patents Attract Acquires?

Jyrki Ali-Yrkkö

No 1025, Discussion Papers from The Research Institute of the Finnish Economy

Abstract: This study analyses how patent quality impacts the likelihood of acquisition. If a firm owns high quality or valuable patents, other firms may be interested in buying the firm to obtain the ownership of these patents. To proxy the quality of patents, we use both forward and backward citations. Moreover, our data enables us to distinguish between cross-border and domestic targets. Multinomial logit estimations show that owning patents correlates with becoming a target for a foreign firm. The same does not apply to targets for domestic firms. However, we do not find evidence that the quality of patents impacts the likelihood of becoming target for a domestic or a foreign firm.

Keywords: acquisition; M&A; patent; quality; value; target; likelihood (search for similar items in EconPapers)
JEL-codes: F21 F23 G34 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2006
New Economics Papers: this item is included in nep-com, nep-ino and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.etla.fi/wp-content/uploads/2012/09/dp1025.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rif:dpaper:1025

Ordering information: This working paper can be ordered from
https://www.etla.fi/en/publications/dp1025-en/

The price is 10€.

Access Statistics for this paper

More papers in Discussion Papers from The Research Institute of the Finnish Economy Contact information at EDIRC.
Bibliographic data for series maintained by Kaija Hyvönen-Rajecki ().