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- Ejermo, Olof, et al.
(author)
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Innovation in Malmö after the Öresund Bridge
- 2022
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In: Journal of Regional Science. - : Wiley. - 0022-4146 .- 1467-9787. ; 62:1, s. 5-20
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Journal article (peer-reviewed)abstract
- We analyze the effect of the Öresund Bridge, a combined railway and motorway bridge between Swedish Malmö and the Danish capital Copenhagen, on inventive activity in the region of Malmö. Applying difference-in-difference estimation on individual-level data, our findings suggest that the Öresund Bridge led to a significant increase in the number of patents per individual in the Malmö region as compared with the two other major regions in Sweden, Gothenburg, and Stockholm. We show that a key mechanism is the attraction of highly qualified workers to the Malmö region following the construction of the bridge.
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| 2. |
- Grimpe, Christoph, et al.
(author)
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Resource complementarity and value capture in firm acquisitions: the role of intellectual property rights
- 2014
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In: Strategic Management Journal. - : Wiley. - 0143-2095. ; 35:12, s. 1762-1780
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Journal article (peer-reviewed)abstract
- 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. Copyright (C) 2013 John Wiley & Sons, Ltd.
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