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on Intellectual Property Rights |
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Issue of 2016‒07‒09
one paper chosen by Giovanni Ramello Università degli Studi del Piemonte Orientale “Amedeo Avogadro” |
| By: | Mercedes Campi; Marco Duenas; Matteo Barigozzi; Giorgio Fagiolo |
| Abstract: | This paper analyses whether the strengthening of intellectual property rights (IPRs) systems affects decisions of cross-border mergers and acquisitions (M&As), and whether their influence is different for developed and developing countries and across industrial sectors. We estimate an extended gravity model to study bilateral flows of M&As using data for the post-TRIPS period (1995-2010) and two different indexes that measure the strength of IPRs systems at the country level. We find that IPRs influence decisions of cross-border M&As and facilitate the creation of investment linkages. However, we detect a heterogeneous impact of IPRs on M&As depending on specificities of countries and sectors. |
| Keywords: | Intellectual Property Rights; Mergers and Acquisitions; Technological Intensity; Gravity Model |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:ssa:lemwps:2016/28&r=ipr |