Information- and rivalry-based perspectives on reactive patent litigation strategy

Chen, Yi-Min; Ni, Yu-Ting; Liu, Hsin‐Hsien; Teng, Ying-Maw

doi:10.1016/j.jbusres.2014.11.029

Cited by 12 publications

(3 citation statements)

References 43 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Prior research recognizes the link between disputed patents and strategic management for competition (Chen et al . ; Lanjouw and Schankerman ; Lerner ), patent portfolio (Heyman ; Ken and Tsai ), innovation (Meniere and Parlane ), information support (Choi ), and costs and wealth (Bhagat et al . ; Elhauge and Krueger ).…”

Section: Introductionmentioning

confidence: 99%

“…Nonetheless, such disciplinary segregation has changed since the 1990s to see the bi-disciplines of law and economics (Choi 1998;Lanjouw 1994;Waldfogel 1995), and integration with business and management (Aoki and Hu 1999;Reitzig et al 2010;Yang and Sonmez 2014). Prior research recognizes the link between disputed patents and strategic management for competition (Chen et al 2015;Lanjouw and Schankerman 2001;428 D. Yang Lerner 1994), patent portfolio (Heyman 2005;Ken and Tsai 2010), innovation (Meniere and Parlane 2008), information support (Choi 1998), and costs and wealth (Bhagat et al 1994;Elhauge and Krueger 2013). Based on prior studies, we categorize patent litigation into three streams: characteristics (e.g.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Patent Litigation Strategy and Its Effects on the Firm

Yang

2019

Int J Management Reviews

View full text Add to dashboard Cite

Patent litigation has attracted scholarly attention to reconcile multiple views for new research. Accordingly, this paper addresses patent litigation strategy and its effect on the firm. Based on 106 papers and articles, six books, the author's logic and practice impressions, it first defines patent litigation strategy and differentiates similar concepts. Second, based on the process, the author fine‐tunes patent litigation strategy into three tactics: threat, filing and verdict. Then, she categorizes and examines the impact of patent litigation on market value, monetary gain/loss and strategic collaboration. The findings show that the effect on the market value is more complex and ambiguous than anticipated, and sometimes contradictory. The analysis shows the consistency of monetary effect in practice, that firms tend to have higher monetary gains from private settlement than from legal awards. It also demonstrates that existing studies lag behind reality in investigating the detailed role of patent litigation on strategic collaboration from partnership (e.g. licensing and strategic alliance) to takeover (i.e. merger and acquisition). Finally, the author reflects on the findings, and maps out critical paths toward new research. This process also reveals that stakeholders, industrial settings and country environments moderate the studied relationship. This paper contributes to knowledge and practice: appreciates the interdisciplinary endeavors to draw the findings; categorizes patent litigation and its effect; and critiques prior studies on the relationship to integrate knowledge for future research.

show abstract

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Patent Litigation Strategy and Its Effects on the Firm

Yang

2019

Int J Management Reviews

View full text Add to dashboard Cite

show abstract

“…The imitation is found predominantly in industry followers, such as small, young, low market power, less successful and financially constrained firms (Leary and Roberts, 2014;Joo et al, 2016;Zhuang, 2017;Chen et al, 2015Chen et al, , 2019. In other words, leading firms may not consider their peers to be key components in strategic planning or setting cash reserves.…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

A matter of others' money: How cash holdings of other firms affect a firm’s cash holding?

Jinkrawee

Lonkani

Suwanaphan

2021

IJOEM

View full text Add to dashboard Cite

PurposeThis study examines the effects of comparable companies, within the same industry, on cash-holding (CH) levels of a specific firm in the Stock Exchange of Thailand (SET). Peer effects are hypothesized to affect a firm's average CH levels.Design/methodology/approachThe authors use data of listed firms in the Thai stock markets from 1995 to 2018. The sample consists of 5,277 firm-year observations. The authors perform robustness tests by incorporating gross domestic product, economy and competitiveness.FindingsPeer firms' CH levels correspond positively to the specific firm's CH. This strengthens further for firms with high cash flow volatility during periods of high competition. Unfavorable economic periods also motivate the association between a firm's CH and peer firms' CH.Practical implicationsA policy on CH should account for cash held by peer firms. Firms can justify their CH policy as compatible with peers' cash flows, especially during periods of competitiveness and an unfavorable economy.Originality/valueThe authors provide novel evidence on how emerging markets' CH levels differ from those in developed markets and propose adjusted explanations for the rivalry- and information-based theories. The findings add substantial knowledge to corporate finance by arguing that CH policies are based on peer firms' strategic moves.

show abstract