nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2016‒07‒09
one paper chosen by
Giovanni Ramello
Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

  1. Do Intellectual Property Rights Influence Cross-Border Mergers and Acquisitions ? By Mercedes Campi; Marco Duenas; Matteo Barigozzi; Giorgio Fagiolo

  1. 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

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