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Mergers & acquisitions (M&A) are most popular external growth strategies. While the number of M&A has been increasing during the past decades, on average, only the shareholders of target firms gain value during the acquisitions process, while acquirers do not receive abnormal positive returns....
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Recent innovation literature has documented the benefits of cross-pollination of ideas across a wide set of industries …
Persistent link: https://www.econbiz.de/10012150167
Economics and innovation scholars have long recognized the potential of public procurement to trigger innovation. To …? This paper addresses these issues by providing a literature survey of research on public procurement of innovation (PPI …: i) Does PPI spur innovation? ii) How should PPI be designed to best spur innovation? iii) What are the main barriers to …
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We draw on two decades of historical data to analyze how regional labor markets in West Germany adjusted to one of the …, similar in magnitude to the refugee inflow that Germany is experiencing today, also reduce native income losses markedly but …
Persistent link: https://www.econbiz.de/10011452756
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the willingness to take risks. This effect strengthens in...
Persistent link: https://www.econbiz.de/10011405097
paper shows that UI extensions at age thresholds reduced reemployment wages of job searchers in Germany. The UI extensions …
Persistent link: https://www.econbiz.de/10013071300