I explore the effect of M&A on the patenting quantity and quality of the firms involved in a deal. Three measures of quality are considered: impact, generality, and originality. The impact of a patent denotes its influence on future inventions. Generality refers to a patent’s applicability across technological fields. Finally, the originality of a patent indicates the extent to which an invention synthesizes diverse technological inputs. Applying a matching estimator to data from the U.S. “Medical devices and photographic equipment” industry from 1988 to 1996, I find that M&A have a positive effect on patenting output, but decrease patent impact, originality and generality.

Measuring the effect of M&A on patenting quantity and quality

VALENTINI, GIOVANNI
2012

Abstract

I explore the effect of M&A on the patenting quantity and quality of the firms involved in a deal. Three measures of quality are considered: impact, generality, and originality. The impact of a patent denotes its influence on future inventions. Generality refers to a patent’s applicability across technological fields. Finally, the originality of a patent indicates the extent to which an invention synthesizes diverse technological inputs. Applying a matching estimator to data from the U.S. “Medical devices and photographic equipment” industry from 1988 to 1996, I find that M&A have a positive effect on patenting output, but decrease patent impact, originality and generality.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/3719047
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