The impact of the institution of patent protection and enforcement on entry mode strategy: A panel data investigation of U.S. firms

Papageorgiadis, Nikolaos; Cross, Adam R.; Alexiou, Constantinos

doi:10.1016/j.ibusrev.2012.04.005

Cited by 29 publications

(34 citation statements)

References 65 publications

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“…In addition to transaction costs, business opportunities in external markets, and the premium (Papageorgiadis et al, 2013), whether acquirers can increase their post-acquisition performance depends on the effective internal integration with local targets. Scholars and professionals have emphasized that integration is a challenging task and yet a critical one if acquirers are to gain value from their acquisitions (Cording, Christmann, & King, 2008).…”

Section: Main Effects Of Host-country Prpmentioning

confidence: 99%

“…U.S. high-tech firms have been actively expanding into western European markets through acquisitions where property rights protection (PRP) is similarly as strong as in their home country (Chari, Ouimet, & Tesar, 2010;OECD, 2003;Papageorgiadis, Cross, & Alexiou, 2013;Park & Choi, 2014;Tsang & Yip, 2007). Strong protection of firm-specific assets in Western Europe ensures that U.S. high-tech firms are able to sustain their profitmaking capabilities based on their possession of core advanced technologies.…”

Section: Introductionmentioning

confidence: 99%

“…However, in recent decades high-tech firms have been increasingly investing in these countries through acquisitions of local targets (OECD, 2009). Acquisitions of the controlling rights (more than 50% shares) of local targets can help to internalize the opportunism of local partners (e.g., knowledge leakage) and thus decrease the risks and costs of exploiting their core technologies in local markets (Papageorgiadis et al, 2013). Yet, such internalization is not able to completely reduce uncertainties and risks in such weak PRP environments where external market transactions with local important stakeholders such as competitors, consumers and suppliers are embedded.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

High-tech firms’ international acquisition performance: The influence of host country property rights protection

Hong

Gao

2015

International Business Review

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Section: Main Effects Of Host-country Prpmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

High-tech firms’ international acquisition performance: The influence of host country property rights protection

Hong

Gao

2015

International Business Review

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“…To get corporate sustainability performance, company uses some strategies. Thus the implementation of that strategy is not often misdirected [3]. As the result, the expected performance is not achieved well.…”

mentioning

confidence: 99%

Competitive Advantage: Mediator of Diversification and Performance

Sihite

2018

IOP Conf. Ser.: Mater. Sci. Eng.

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Abstract. Study relates to the correlation between diversification strategy and corporate sustainability performance, many of them are conducted in service industry. In this study, it is explained about competitive advantage that also becomes the important attention on the creation of corporate sustainability performance. But study relates to mediating effect of competitive advantage on the correlation of diversification and corporate sustainability performance, has not reviewed especially in-service industry and it becomes the focus of this study. The study is conducted by case study on Building Automation System industry in Indonesia as one of service industries that needs corporate sustainability performance. There are 43 directors of business unit which is taken their data by questionnaire as respondent, with using Structural Equation Model analysis. This finding is stated that corporate sustainability performance can be achieved well through the implementation of diversification strategy. But, competitive advantage is unable mediating diversification strategy on the improvement of corporate sustainability performance. This finding is useful to support Indonesia government's program in facing issue of "Saving Energy", through the review of Building Automation System industry. IntroductionEvery company both product and service, is truly operating with the final objective to get the optimum of company performance [1]. Those cases become a task for Chief Executive Officer (CEO) to ensure shareholders. However, for company that is still in developing phase, corporate sustainability performance becomes a must [2]. To get corporate sustainability performance, company uses some strategies. Thus the implementation of that strategy is not often misdirected [3]. As the result, the expected performance is not achieved well. So, it is needed clarity of goals of business performance that want to be achieved, those goals are implemented on company strategy. The creation of company strategy is depend on resource, it can deliver to company to get competitive advantage [4]. Competitive advantage is one of source to corporate sustainability performance from company [5]. One of strategies that often used its relation to competitive advantage are diversification strategy [6]. Diversification strategy focuses on two cases which are company and product, every changing that is conducted to innovation and the creation of superior strategy is always needed diversification [7]. The strategy conducted on product through diversification, is one of attractive strategies to new and old consumer, and it is also useful to improve company competitive advantage [8]. Speed in adjusting competitive advantage is appropriate with market trending, it becomes a pillar from the creation of diversification strategy [9].

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“…systems strength index developed byPapageorgiadis et al (2014) and more specifically, by assigning scores from this index to European target firms from the sample across all relevant firm-years. The index ofPapageorgiadis et al (2014) goes beyond the measurement of the book-law effects of the patent system as captured by thePark (2008) index and focuses on the strength of enforcement related aspects of national patent systems(Papageorgiadis et al, 2013(Papageorgiadis et al, , 2014Papageorgiadis and Sharma, …”

mentioning

confidence: 99%

R&D capabilities, intellectual property strength and choice of equity ownership in cross‐border acquisitions: evidence from BRICS acquirers in Europe

et al. 2017

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The aim of the study is to investigate two relatively underexplored factors, namely, the R&D (research and development) capabilities of target firms and the strength of intellectual property (IP) institutions in target economies, that influences the choice of equity ownership in cross border acquisitions (CBAs) undertaken by multinational enterprises (MNEs) from BRICS (Brazil, Russia, India, China and South Africa) economies. They developed the key hypothesis on foreign market entry through CBAs by incorporating insights from transaction costs economics, the resource‐based view and institutional theory to investigate the determinants of full versus partial equity ownership. Using logistic regression estimation methods to a sample of 111 CBA deals of BRICS MNEs in 22 European countries, it was found that BRICS MNEs were likely to pursue full rather than partial acquisition mode when target firms have high R&D capabilities. However, the greater the degree of strength of IP institutions in target economies and higher the target firms’ R&D capabilities, the more likely it is for BRICS MNEs to undertake partial, rather than, full acquisition mode. They provided interesting theoretical insights and managerial implications that might underlie some of the key findings on CBAs by emerging market MNEs.

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The impact of the institution of patent protection and enforcement on entry mode strategy: A panel data investigation of U.S. firms

Cited by 29 publications

References 65 publications

High-tech firms’ international acquisition performance: The influence of host country property rights protection

High-tech firms’ international acquisition performance: The influence of host country property rights protection

Competitive Advantage: Mediator of Diversification and Performance

R&D capabilities, intellectual property strength and choice of equity ownership in cross‐border acquisitions: evidence from BRICS acquirers in Europe

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