Many incumbent firms, when facing increasing threats from newcomers, choose to license their proprietary technologies to competitors. This paper investigates the motivation behind an incumbent firm's strategy to open up its technology to a new entrant and the entrant's decision to adopt the...

Innovation and competition are two major pillars in the IT industry. In this paper, we examine the causal relationship between product market competitiveness and the innovations in the IT industry. We measure the innovations from both the quantity (number of patents) and the quality (number of...