Title: Injunction Risk, Technology Commercialization, and Profitability
- 👤 Speaker: Po-Hsuan (Paul) Hsu (University of Hong Kong) 🔗 Website
- 📅 Date & Time: Thursday 25 February 2021, 13:00 - 14:00
- 📍 Venue: Online
Abstract
Abstract: Routinely granted injunctions during patent lawsuits have been regarded as a significant obstacle to firm innovation. We use the 2006 Supreme Court ruling in eBay v. MercExchange that reduced injunction likelihood in cases related to information and communications technology (ICT) patents to examine the effects of injunction risk on firms’ technology commercialization and market value. We find that firms with reduced injunction risk experience faster technology commercialization and higher profitability. Moreover, stock market investors react favorably to alleged infringing firms that are subject to reduced injunction risk, particularly when the litigation receives greater attention.
Series This talk is part of the Cambridge Finance Workshop Series series.
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Po-Hsuan (Paul) Hsu (University of Hong Kong) 
Thursday 25 February 2021, 13:00-14:00