Difference between revisions of "Project Planning"

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The original paper ([[Brander Egan (2007) - The Role of VCs in Acquisitions]]) had a full data rebuild, detailed on: [[VC Acquisitions Paper]].
 
The original paper ([[Brander Egan (2007) - The Role of VCs in Acquisitions]]) had a full data rebuild, detailed on: [[VC Acquisitions Paper]].
 
The resulting paper was submitted (dual submission) to the 3rd Annual Entrepreneurial Finance and Innovation Conference (EFIC) conference and the Review of Corporate Finance Studies (RCFS). It was rejected from both.
 
 
The key points from the reviewers were:
 
*We should explain how we get a different result from Masulis and Nahata (2011), who find a +3% return premium to VC-backed acquisitions
 
*We should use our continous measures of IA (i.e., look to find a monotonic effect). And consider within-industry acquisitions to see whether this mitigates IA problems.
 
*To back up the winner's curse we should consider the number of competing bidders.
 
*Possibly we should consider long rum performance and attempt to explain why the acquirers buy VC-backed firms.
 
*Focus less on the univariate results.
 
 
The obvious possibilities for this paper are to:
 
*Focus more on the IA.
 
*Do a supply-side VC analysis (i.e., include reputations, the possibility of grandstanding, etc.)
 
 
The immediate 'to do' is:
 
*Read the Masulis and Nahata (2011) paper carefully.
 
  
 
=Patent Pools Licensing Rate Paper=
 
=Patent Pools Licensing Rate Paper=

Revision as of 16:35, 17 July 2012

This is a private page for those with 'Trusted' access that summarizes my thoughts on current intended projects.

Acquisitions Paper

The original paper (Brander Egan (2007) - The Role of VCs in Acquisitions) had a full data rebuild, detailed on: VC Acquisitions Paper.

Patent Pools Licensing Rate Paper

Q. Are licensing rates lower for patents included in pools?

Mexican Standoff Paper

Q. What are the equilibria in patent litigation between competitors?

Background

Nokia sues Apple, Apple sues Sumsung, Samsung sues Nokia, and so on. There's been an endless round of Patent Litigation between the mobile phone and tablet device manufactures of late. Could this be related to the nature of competition in the markets? Pharma firms apparently sue