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R&D and the Incentives from Merger and Acquisition Activity

Phillips, Gordon M.; Zhdanov, Alexei - National Bureau of Economic Research (NBER) - 2012

. Large firms may find it disadvantageous to engage in an "R&D race" with small firms, as they can obtain access to innovation …

Persistent link: https://www.econbiz.de/10010785637

Rural Hospital Ownership: Medical Service Provision, Market Mix, and Spillover Effects

Horwitz, Jill R.; Nichols, Austin - National Bureau of Economic Research (NBER) - 2011

Roughly one half of hospitals in the U.S. are in rural areas, yet researchers have largely studied the effects of hospital ownership in the urban context. We examine differences in the provision of profitable and unprofitable medical services in rural areas across nonprofit, for-profit, and...

Persistent link: https://www.econbiz.de/10008919723

Text-Based Network Industries and Endogenous Product Differentiation

Phillips, Gordon M.; Hoberg, Gerard - National Bureau of Economic Research (NBER) - 2010

We study how firms differ from their competitors using new time-varying measures of product differentiation based on text-based analysis of product descriptions from 50,673 firm 10-K statements filed yearly with the Securities and Exchange Commission. This year-by-year set of product...

Persistent link: https://www.econbiz.de/10008622318

What Do Nonprofits Maximize? Nonprofit Hospital Service Provision and Market Ownership Mix

Horwitz, Jill R.; Nichols, Austin - National Bureau of Economic Research (NBER) - 2007

Conflicting theories of the nonprofit firm have existed for several decades yet empirical research has not resolved these debates, partly because the theories are not easily testable but also because empirical research generally considers organizations in isolation rather than in markets. Here...

Persistent link: https://www.econbiz.de/10005723069

Proprietary vs. Public Domain Licensing of Software and Research Products

Hall, Bronwyn H; Gambardella, Alfonso - National Bureau of Economic Research (NBER) - 2005

We study the production of knowledge when many researchers or inventors are involved, in a setting where tensions can arise between individual public and private contributions. We first show that without some kind of coordination, production of the public knowledge good (science or research...

Persistent link: https://www.econbiz.de/10005720849

Vertical Integration and Distance to Frontier

Acemoglu, Daron; Zilibotti, Fabrizio; Aghion, Philippe - National Bureau of Economic Research (NBER) - 2002

frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities …, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the … frontier, the value of innovation increases, encouraging outsourcing. …

Persistent link: https://www.econbiz.de/10005049981

Knowledge Creation and Control in Organizations

Puga, Diego; Trefler, Daniel - National Bureau of Economic Research (NBER) - 2002

principal's energies. The principal can conserve her energies by tightly controlling the innovation process, but this may …

Persistent link: https://www.econbiz.de/10005580383

The Circulation of Ideas in Firms and Markets

Hellmann, Thomas; Perotti, Enrico - National Bureau of Economic Research (NBER) - 2011

Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...

Persistent link: https://www.econbiz.de/10008919712

Individual Preferences, Organization, and Competition in a Model of R&D Incentive Provision

Lacetera, Nicola; Zirulia, Lorenzo - National Bureau of Economic Research (NBER) - 2011

Understanding the organization of R&D activities requires the simultaneous consideration of scientific workers' talent and tastes, companies' organizational choices, and the characteristics of the relevant industry. We develop a model of the provision of incentives to corporate scientists, in an...

Persistent link: https://www.econbiz.de/10009019689

Financing-Motivated Acquisitions

Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - National Bureau of Economic Research (NBER) - 2012

Managers often claim that an important source of value in acquisitions is the acquiring firm's ability to finance investments for the target firm. This claim implies that targets are financially constrained prior to being acquired and that these constraints are eased following the acquisition....

Persistent link: https://www.econbiz.de/10009652757

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