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Factor market rivalry and interindustry competitive dynamics

Authors
  • Gianiodis, Peter T.
  • Markman, Gideon
  • Panagopoulos, Andreas
Publication Date
Jan 01, 2019
Identifiers
DOI: 10.1002/mde.3014
OAI: oai:archive.ugent.be:8649530
Source
Ghent University Institutional Archive
Keywords
Language
English
License
Unknown
External links

Abstract

We study competitive dynamics by using 10 years of data from the biotech industry on patent infringement lawsuits because they capture offensive actions and defensive responses. Results suggest that larger patent portfolios, long-term partnerships, and short-term agreements lead to factor market rivalry. Specifically, long-term research partnerships are associated with lower proclivity and vulnerability to attack, while short-term licensing and marketing agreements with increased proclivity and vulnerability to attack. Lastly, although nonbiotech companies attack biotech firms, the proclivity of the latter to launch cross-industry attacks is not significant. We discuss how the results contribute to competitive dynamics research and theory.

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