Prof. Ivanka Visnjic, Director of the ESADE Institute for Innovation and Knowledge Management, interviews Prof. George Chondrakis about his research on mergers and acquisitions in the tech sector and how patent regulation changes are reshaping the rules of the game. "Before the American Inventors Protection Act took effect, patent applications were confidential," says Prof. Chondrakis. "Once the new law was in effect, patent applications became public 18 months after they were first filed." This law change has accelerated the disclosure of information, allowing firms in every sector to learn more quickly what others are working on. "Our research shows that this accelerated disclosure of information increases the amount of acquisitions that take place," says Prof. Chondrakis. According to his research, one of the main reasons for this increase in acquisitions is that access to information reduces technological uncertainty between the acquiring firms and the target firms: "When a deal takes place, access to this information allows acquiring firms to be more confident of their decision because they better understand the value of these target firms."You may also like: IIK Research Seminar: Prof. George Chondrakis on management research

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Acquisitions in the tech sector: how to reduce uncertainty

02/2019

Prof. Ivanka Visnjic, Director of the ESADE Institute for Innovation and Knowledge Management, interviews Prof. George Chondrakis about his research on mergers and acquisitions in the tech sector and how patent regulation changes are reshaping the rules of the game.



"Before the American Inventors Protection Act took effect, patent applications were confidential," says Prof. Chondrakis. "Once the new law was in effect, patent applications became public 18 months after they were first filed."


This law change has accelerated the disclosure of information, allowing firms in every sector to learn more quickly what others are working on. "Our research shows that this accelerated disclosure of information increases the amount of acquisitions that take place," says Prof. Chondrakis.


According to his research, one of the main reasons for this increase in acquisitions is that access to information reduces technological uncertainty between the acquiring firms and the target firms: "When a deal takes place, access to this information allows acquiring firms to be more confident of their decision because they better understand the value of these target firms."


You may also like: IIK Research Seminar: Prof. George Chondrakis on management research


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