Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174537
Authors: 
Campi, Mercedes
Dueñas, Marco
Barigozzi, Matteo
Fagiolo, Giorgio
Year of Publication: 
2016
Series/Report no.: 
LEM Working Paper Series 2016/28
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.
Subjects: 
Intellectual Property Rights
Mergers and Acquisitions
Technological Intensity
Gravity Model
JEL: 
O34
G34
O13
O14
Document Type: 
Working Paper

Files in This Item:
File
Size
2.41 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.