Showing 1 - 9 of 9
Firms having significant shareholdings in one another is not an unusual phenomenon in countries where the law admits such ownership arrangements, like Sweden and Japan. In this paper the role of cross-ownership as means for deterring takeovers is examined in the framework of a simple two-firm,...
Persistent link: https://www.econbiz.de/10011019053
This paper studies the relative importance of tax incentives as merger motives in the Swedish industry during the period 1983-1987. Several econometric models are estimated and statistical tests performed. The tax-hypothesis is contrasted with an alternative hypothesis, suggested by Jensen,...
Persistent link: https://www.econbiz.de/10010684495
This paper analyses simultaneous regulation of cost and quality when firms have private, correlated information about … productivity and the regulator receives a signal about quality. It is shown that managerial effort and expenditures on quality are … positively correlated in the optimal contract. The higher is firm productivity the more should the firm spend on quality …
Persistent link: https://www.econbiz.de/10005419539
providers of contents incentives to invest in higher quality and, as a result, force competitors to reduce their prices …
Persistent link: https://www.econbiz.de/10005419550
Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will choose more risky projects than incumbents, aiming to reduce their high expected marginal commercialization cost. However, entrepreneurs may select too safe projects from a social...
Persistent link: https://www.econbiz.de/10010818447
indicates that public sector outsourcing generally reduces costs without hurting quality. This is clearly the case for …
Persistent link: https://www.econbiz.de/10009147384
if there are any third factors (quality of the patent) that affect the commercialization and renewal decisions. Using a … renewed, but also that quality influences commercialization and renewal decisions. When controlling for endogenous … the quality of the patent, if the owner decides to commercialize the patent on the margin, this leads to longer survival …
Persistent link: https://www.econbiz.de/10008835095
that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market … destruction by increasing the entrepreneurial effort allocated to high-quality invention projects. Using detailed data on patents … granted to small firms and individuals, we find evidence that high-quality inventions are often sold, and that they are sold …
Persistent link: https://www.econbiz.de/10004964394
Persistent link: https://www.econbiz.de/10010818372