Innovation in Malmö after the Öresund Bridge

E-print/Working paper (2021)

How Valuable are Patent Blocking Strategies?

in Review of Industrial Organization (2020)

Scientific misconduct and accountability in teams

in PLoS ONE (2019)

Firm Acquisitions by Family Firms: A Mixed Gamble Approach

in Family Business Review (2019)

Ownership Concentration and the Innovativeness of Corporate Ventures

in Research Policy (2018)

Uncertain Intellectual Property Rights, Access to External Funding and New Product Development in Start-up Firms

in Industry and Innovation (2017)

In Search for the Not-Invented-Here Syndrome: The Role of Knowledge Sources and Firm Success

in R&D Management (2016)

Information Ambiguity and Firm Value

in Applied Economics Letters (2015), 22(10), 843-847

R&D Collaboration with Uncertain Intellectual Property Rights

in Review of Industrial Organization (2015), 46(2), 183-204

Patent pendencies create uncertainty in research and development (R&D) collaboration, which can result in a threat of expropriation of unprotected knowledge, reduced bargaining power and enhanced search ... [more ▼]

Patent pendencies create uncertainty in research and development (R&D) collaboration, which can result in a threat of expropriation of unprotected knowledge, reduced bargaining power and enhanced search costs. We show that - depending of the type of collaboration partner and the size of the company - uncertain intellectual property rights (IPR) lead to reduced collaboration between firms and can, hence, hinder knowledge production. This has implications for technology policy as R&D collaborations are exempt from antitrust legislation in order to increase R&D in the economy. We argue that a functional IPR system is needed for successful utilization of this policy. [less ▲]

Resource Complementarity and Value Capture in Firm Acquisitions: The Role of Intellectual Property Rights

in Strategic Management Journal (2014)

Extant literature holds that firm acquisitions create value through innovation if the knowledge bases of the acquirer and the target complement each other. Little is known about the value that patents ... [more ▼]

Extant literature holds that firm acquisitions create value through innovation if the knowledge bases of the acquirer and the target complement each other. Little is known about the value that patents associated with a target’s knowledge convey to the acquirer, i.e., their value in securing market exclusion and freedom to operate in R&D. We argue that such property rights hold preemptive power allowing firms to capture the value from combining complementary technologies and to realize gains from trade in strategic factor markets. Our results for a sample of 1,428 acquisitions indicate that—controlling for technological value—acquired preemptive power is an important determinant of the acquisition price, particularly when the acquirer is technology intensive and acquired patents are highly related to the acquirer’s knowledge base. [less ▲]