-traditional functions fulfill important roles. This questions the relevance of domestic patent systems, and indicates the need to reassess … the costs and benefits of the patent system, the use of patents as innovation indicators, and the need for more research …

Technological change is often hypothesized as one of the main drivers of merger activities. This paper analyzes the … financial information and patent data for public limited companies in Europe as well as country level variables, we apply a … structural model to investigate technology-related motivations behind merger formation. Distinguishing between cross-border and …

This paper investigates how patent applications and grants held by new ventures improve their ability to attract … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … analysis, we find that in the presence of patent applications, VC financing occurs earlier. Our results also show that VCs pay …