Arora, Ashish; Ceccagnoli, Marco - In: Management Science 52 (2006) 2, pp. 293-308
effectiveness of patent protection increases licensing propensity, but only when the firm lacks specialized complementary assets … required to commercialize new technologies. In contrast, for firms with specialized complementary assets, increases in patent … and the market for technology but that its impact is mediated by a firm's ownership of specialized complementary assets. …