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 …

Existing literature has confined university technology transfer almost exclusively to formal mechanisms, like patents …, licenses or royalty agreements. Relatively little is known about informal technology transfer that is based upon interactions … is however based on patent applications rather than publications serves as a major predictor for informal technology …

on small acquisition targets to complement the acquirer's technology portfolio while larger acquisition targets tend to …

Literature has identified formal and informal channels in university technology transfer. While formal technology … manufacturing firms. We perform direct and indirect tests for the complementarity of formal and informal technology transfer. Our … potential of formal technology transfer. …

University technology transfer has attracted considerable attention in the literature with a focus on the institutions …, the agents involved in technology commercialisation or the differentiation between formal and informal technology transfer … propensity to engage in technology transfer activities and, particularly, on how mobility influences the locus of such activities …