acquisitions. On the one hand, patents are used as a building instrument for the acquirer's technology portfolio. On the other hand …-based view of the firm, we analyze the importance of these two faces of technology acquisition for the valuation of a target firm …'s patents, especially if blocking patents are in technology fields related to the acquiring firm's patent portfolio. Our results …

acquisitions. On the one hand, patents are used as a building instrument for the acquirer's technology portfolio. On the other hand …-based view of the firm, we analyze the importance of these two faces of technology acquisition for the valuation of a target firm …'s patents, especially if blocking patents are in technology fields related to the acquiring firm's patent portfolio. Our results …

technology competition increases which is in line with the argument that licensing can mitigate hold-up problems in technology … markets. -- Licensing ; blocking patents ; discrete and complex technologies ; technology competition …

This paper investigates the motive of pre-empting technology competition through mergers and acquisitions (M … create entry barriers in technology markets. Our results show significant evidence that firms engage in horizontal M&A to pre …-empt competition in technology markets. …

value of patents and their potential to block competitors in technology markets. Our empirical results for European firm … firms with valuable patents. However, patents with a potential to block technology competitors seem to be only of interest …

role of technology in mergers and acquisitions (M&As) at the firm level. Based on a newly created data set that combines … to investigate technology-related motivations behind merger formation. Distinguishing between cross-border and domestic M … domestic M&As. The relevance of technology for cross-border M&As further illustrates the international character of technology …

Innovation is commercialization of technology. Imperfections in markets for technology should leave marks on physical …-up threats. Backward references in firm's patent portfolio indicate potential technology suppliers. I find a negative effect of … characteristics of the downstream firm. -- Market for Technology ; Complementary Assets ; Transaction Costs ; Patent Thickets …

to detect the impact of technology and market relatedness on the choice of the merging partner. Results from a …

The contribution of New Technology-based Firms (NTBFs) to long term economic development is at the centre of a …