nep-ipr 2017-08-20 papers

on Intellectual Property Rights

Issue of 2017–08–20
one paper chosen by
Giovanni Battista Ramello, Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

The impacts of intellectual property rights protection on cross-border M&As By Hasan, Iftekhar; Khalil, Fahad; Sun, Xian

The impacts of intellectual property rights protection on cross-border M&As

By:	Hasan, Iftekhar; Khalil, Fahad; Sun, Xian
Abstract:	We investigate the impacts of improved intellectual property rights (IPR) protection on cross-border M&A performance. Using multiple measures of IPR protection and based on generalized difference-in-differences estimates, we find that countries with better IPR protection attract significantly more hi-tech cross-border M&A activity, particularly in developing economies. Moreover, acquirers pay higher premiums for companies in countries with better IPR protection, and there is a significantly higher acquirer announcement effect associated with these hi-tech transactions.
JEL:	G32 G34 O31 O34 F43 C23
Date:	2017–08–06
URL:	https://d.repec.org/n?u=RePEc:bof:bofrdp:2017_017

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