Acquiring Patents in Secret: Disclosure Timing in Markets for Technology

Markets for technology provide a vibrant channel through which firms purchase ownership rights to patented inventions. Although such transactions enable firms to secure access to intangible assets originating beyond their borders, they also provide cues to competitors regarding the purchasing firms

技术交易市场为企业获取专利发明（patented inventions）的所有权提供了充满活力的渠道。尽管此类交易可帮助企业获取源自其境外的无形资产（intangible assets），但同时也会向竞争对手传递出有关采购企业的相关信号。