Fragmentation of Technology Ownership and Acquisition Strategy of Firms

IF 4.5 2区 管理学 Q1 BUSINESS
Aman Asija, Solon Moreira, Dimo Ringov, Thiago J. Soares
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引用次数: 0

Abstract

This paper examines how the fragmented ownership of complementary intellectual property (IP) rights affects firms’ acquisition behaviour. We theorize that as the ownership of complementary IP rights fragments, the rate at which a focal firm engages in technology acquisitions will increase. Our predictions suggest that firms will expand their IP portfolios through acquisitions as a strategy to continue innovating when the ownership over strategic IP becomes exceedingly spread among technology holders. Furthermore, we propose that this positive relationship between fragmentation and acquisitions will be stronger for firms whose patent portfolios hold relatively less value compared to their peers, owing primarily to their diminished control over strategic IP. Using a unique longitudinal dataset from the biopharmaceutical industry, we find empirical support for our hypotheses.

企业技术所有权的分散与收购战略
本文探讨了互补性知识产权(IP)所有权的分散如何影响企业的收购行为。我们的理论认为,随着互补性知识产权所有权的分散,重点企业进行技术收购的速度将会加快。我们的预测表明,当战略性知识产权的所有权在技术持有者之间过度分散时,企业将通过收购来扩大其知识产权组合,以此作为继续创新的战略。此外,我们还提出,与同行相比,专利组合价值相对较低的企业,其专利分割与收购之间的正相关关系会更强,这主要是由于这些企业对战略性知识产权的控制力减弱所致。利用生物制药行业独特的纵向数据集,我们发现我们的假设得到了实证支持。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
10.00
自引率
12.50%
发文量
87
期刊介绍: The British Journal of Management provides a valuable outlet for research and scholarship on management-orientated themes and topics. It publishes articles of a multi-disciplinary and interdisciplinary nature as well as empirical research from within traditional disciplines and managerial functions. With contributions from around the globe, the journal includes articles across the full range of business and management disciplines. A subscription to British Journal of Management includes International Journal of Management Reviews, also published on behalf of the British Academy of Management.
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