after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …

world. We find evidence of a strong positive association between VC investments and lagged M&A activity, consistent with the … engage in more deals. We also explore the effects of country-level pro-takeover legislation passed internationally (positive … post-law changes in VC activity. VC activity intensifies after enactment of country-level takeover friendly legislation and …

The paper seeks to understand the impact of the patent system on innovation by examining shifts in the strength of … patent protection across sixty countries and a 150-year period. An examination of 177 policy changes reveals that … strengthening patent protection appears to have few positive effects on patent applications by entities in the country undertaking …

Patent counts are very imperfect measures of innovative output. This paper discusses how additional data-the number of … years a patent is renewed and the number of countries in which protection for the same invention is sought - can be used to … proposed which may remove half of the noise in patent counts as a measure of innovative output. The paper also illustrates how …

. The purpose is to document the ways in which patent systems are products of battles over the economic surplus from …-style patent systems with all their imperfections have come to dominate other methods of encouraging inventive activity. The essays …

' existing patent portfolios' potential exposure to the Alice decision. While all affected firms decrease patenting post …-Alice, we find an unequal impact of decreased patent protection. Large affected firms benefit as their sales and market …