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 …

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 … blocking patents are in technology fields related to the acquiring firm's patent portfolio. Our results have implications for …

of technology in mergers and acquisitions(M&As) at the firm level. Based on a newly created data set that combines … financialinformation and patent data for public limited companies in Europe as well as countrylevel variables, we apply a structural model … to investigate technology-related motivations behind merger formation... …

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 …

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 …

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 … blocking patents are in technology fields related to the acquiring firm's patent portfolio. Our results have implications for …

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 …