attention. This paper fills that gap by asking how patent acquisitions interact with firm investment policy. I find that patent … more technological expertise and investment opportunities acquire more patents. Patent sales are the dominant type of … contract and maximize investment incentives; patent licenses frequently contain royalties, which induce under …

firms can use their patent stock as collateral and thereby relax possible debt financing restrictions. Using data from the … European Patent Office and balance sheet data of European companies, we find that larger and more valuable patent stocks lead …. Drawing on a legislative change in EU- law, allows us to establish a causal relationship between firms' patent portfolio and …

In an effort to decompose and adjust patent sales prices for patent portfolio valuation, this study analyzes patent … July 2011 did not fundamentally change the pricing of patent portfolio, and patent market has not been in bubble. Also …, while NPEs play an active role in patent sale market, there is no difference in pricing between the transactions with at …

Demand is increasing for quick, easy and relatively reliable methods of patent portfolio valuation in patent …-intensive corporate transactions. An augmented market approach may be the solution.The augmented market approach to patent portfolio … consists of: 1) Comparable transaction valuation based on per patent prices calculated from three different sets of comparable …

This paper analyses whether strategic motives for patenting influence the characteristics of companies' patent … survey and patent data from German companies. We find clear evidence that the companies' patenting strategies explain the … characteristics of their patent portfolios. First, companies using patents to protect their technological knowledge base receive a …

monopoly status of patent-protected drugs. Institutional horizontal shareholdings --- the generic shareholders' ownership in … be the first patent challengers. The findings suggest commonly owned incumbent and competitors coordinate in response to …

Patent holders may choose to protect innovations with single patents or to develop portfolios of multiple, related … patents. We propose a decision-making model in which patent holders allocate resources to either expanding the number of …