The report looks at mergers and acquisitions (M&As) as companies’ investment strategy. The aim of this study is to benchmark Finnish M&A activity against other countries. Several comparisons suggest that Finnish companies are very active in the M&A market. In fact, after taking into account...

This study analyses how patent quality impacts the likelihood of acquisition. If a firm owns high quality or valuable patents, other firms may be interested in buying the firm to obtain the ownership of these patents. To proxy the quality of patents, we use both forward and backward citations....

A firm that owns a patent has a legal right to exclude. Applying for the patent, however, discloses discovery of an invention by the firm. Both the ownership of the right and the disclosure of the discovery expose the firm to an acquisition, because other firms may be interested in buying the...

This report summarizes 39 detailed ETLA case studies of global value chains (GVCs). The findings suggest that the value added in global value chains is less tied to their tangible aspects than what conventional wisdom suggests. Intangible aspects of GVCs tend to be more important, but their poor...

We analyze the value-added impacts of rising (United States) US protectionism on Finland and other European Union (EU) member states. The president of the US has proposed tariff increases, particularly on imports from Mexico and China to the US, while the threat of protectionism also involves...