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Article
Publication date: 10 July 2017

Federico Caviggioli, Antonio De Marco, Giuseppe Scellato and Elisa Ughetto

The purpose of this paper is to examine, for a sample of ten corporations in three industries (i.e. automotive suppliers, semiconductors, and computer networks), the…

Abstract

Purpose

The purpose of this paper is to examine, for a sample of ten corporations in three industries (i.e. automotive suppliers, semiconductors, and computer networks), the different strategies that firms undertake when acquiring patent-protected technologies. In particular, the authors analyze and compare two alternative channels for patent acquisition: markets for technology (MFT) and merger and acquisition (M&A) processes.

Design/methodology/approach

The authors implement two types of analyses, at both patent and firm level. First, the authors perform an econometric analysis to evaluate whether acquired patented technologies differ in their patent bibliographic characteristics with respect to patent-protected technologies that have been developed internally by the examined firms. The authors then investigate the presence of differences in the characteristics of transacted patents acquired in the MFT or by means of M&A activities. Second, the authors take a firm-level perspective and examine the technology acquisition strategies adopted by selected companies to identify the presence of common patterns, industry-driven specificities and firm peculiarities.

Findings

The authors find that acquired patented technologies are, on average, more complex, of higher technical merit and the corresponding patents show a higher legal robustness. Econometric results reveal the presence of differences between M&A and MFT patents: the latter seem to protect less complex, and thus easier to trade, inventions. The analysis of the patterns of patent acquisitions at the firm level shows the presence of different strategies for the external sourcing of patented technologies, based on whether acquired patents protect core or non-core technology areas of the analyzed firms. Such patterns are discussed in the light of the different streams of the literature on intellectual property (IP) management.

Originality/value

This paper makes use of a new and comprehensive data set of the US patent transactions that took place between 2002 and 2010. The authors added detailed data on the evolution of the corporate trees of analyzed firms. The paper contributes to the literature on technology acquisitions and MFT by examining the different channels for patented technology acquisitions. The issue represents an emerging area of interest in the field of IP management.

Details

Management Decision, vol. 55 no. 6
Type: Research Article
ISSN: 0025-1747

Keywords

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Article
Publication date: 12 January 2015

Giusy Cannone and Elisa Ughetto

The paper aims to examine the locational determinants of the internationalization flows of high-tech start-ups. It also provides a picture of the current patterns of…

Abstract

Purpose

The paper aims to examine the locational determinants of the internationalization flows of high-tech start-ups. It also provides a picture of the current patterns of internationalization of high-tech start-ups, through a map of the most attractive countries in terms of inbound and outbound internationalization flows.

Design/methodology/approach

The empirical data have been obtained from a cross-country survey on internationalized high-tech start-ups operating in the ICT and electronics sectors. To explore the determinants of the intensity of internationalization flows of high-tech start-ups between a pair of countries, this study adopts a modified gravity model.

Findings

Results highlight that USA, UK and China are the most competitive countries in terms of inbound flows. This paper obtains evidence that internationalization flows of high-tech start-ups are motivated by the sourcing of host country locational advantages, identified by the strength of the legal and regulatory framework, the availability of VC financing, the innovation potential and the strength of IPR protection.

Originality/value

This paper adds to the international business literature in two ways. First, it provides a picture of the current patterns of internationalization for high-tech start-ups through a map of the most attractive countries in terms of inbound and outbound internationalization flows. Second, this research is an empirical attempt to understand the relationship between internationalization patterns of high-tech start-ups and attractiveness of host countries. To date, the authors are unaware of any other study that has examined the extent to which the internationalization flows of high-tech start-ups are affected by host country conditions in a cross-country context.

Details

European Business Review, vol. 27 no. 1
Type: Research Article
ISSN: 0955-534X

Keywords

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Article
Publication date: 4 September 2007

Elisa Ughetto

This paper attempts to interpret Foresight in the light of the Triple Helix concept.

Abstract

Purpose

This paper attempts to interpret Foresight in the light of the Triple Helix concept.

Design/methodology/approach

The paper explores, in the light of the Triple Helix framework, the architecture of a Technology Foresight project which was carried out in Piemonte (Italy) in 2006, where government, firms, universities, research organizations and financial institutions were gathered to discuss on the long‐term implications of policy decisions and to develop strategic visions that could help policy making and priority setting.

Findings

Drawing on its participative approach, Foresight can be seen as a way of catalyzing the multidisciplinary relationships among the three different spheres of the Triple Helix model, thus bringing them to dialogue and to share a common space for building visions on long‐term challenges. Participation of stakeholders with different backgrounds, dynamics of overlapping opinions, emergence of hybrid organizations and exchange of formal roles are some of the elements characterizing a Foresight exercise that reflect a Triple Helix configuration.

Originality/value

The value of the paper is in exploring a Foresight exercise through the lenses of the Triple Helix model.

Details

Foresight, vol. 9 no. 5
Type: Research Article
ISSN: 1463-6689

Keywords

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