12:00 - 14:00
Marta F. Arroyabe
Lectures, talks and seminars
Management Science and Entrepreneurship Group
Essex Business School
The Management Science and Entrepreneurship Group is delighted to welcome Marta F. Arroyabe to our seminar series to present her paper, titled 'Patent Expiration as a Decisive Factor of Pharmaceutical Firms’ M&As'.
This paper focuses on the importance of firms’ patent expiration rates on managers’ decision of engaging in M&As, in light of the innovation capabilities of the firm. While controlling for the usual M&As triggering factors, this study shows that indeed patent expiration is a good predicting factor of pharmaceutical firms’ M&As activity. The likelihood of firms’ engaging on M&As, in the event of patent expiration, is however negatively affected by the firms’ R&D efforts and basic research base. This study highlights the importance of innovation in pharmaceutical firms’ M&As’ decision and provides new lenses through which M&As can be studied, complementing the existing and scarce literature on the topic.
Marta F. Arroyabe is a PhD student at the Center for Research in Economics and Management (CREA) at the University of Luxembourg (Luxembourg) and at UNU-MERIT (University of Maastricht, Netherlands). Her research interests include the areas of M&As, innovation roadmap, innovation planning, networks and alliances.