Only little is known about entertainment acquisition and production, especially the international format trade, even though it has a worldwide market volume of about 2.4 bn €. Format trade is a process along the stages of creating, distributing, producing or reproducing, and broadcasting...

We examine the relationship between fragmented intellectual property (IP) rights and innovative performance, taking into consideration the role played by in-licensing of IP. Controlling for a variety of firm and market characteristics, we find that firms facing more fragmented IP landscapes are...