Showing 1 - 10 of 696
This paper analyzes the impact of financial development on export concentration. I incorporate credit constraints into a trade model with heterogeneous exporters and endogenous quality choice. The model predicts that financial development increases innovation activity and export shares of larger...
Persistent link: https://www.econbiz.de/10014255423
, foreign entry and industry growth. These facts suggest that intensified competition in international markets coexists with …
Persistent link: https://www.econbiz.de/10013235106
Based on data from a comprehensive benchmarking study on buyer-supplier relationships in the German automotive industry, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part quality - but also with more competition among...
Persistent link: https://www.econbiz.de/10012866364
Aiming to reduce the number of brown (polluting) cars on the road, several countries currently promote the purchase and use of green (emission-free) cars through financial and non-financial incentives. We study how such incentives affect consumers who continue to drive brown cars. Using a simple...
Persistent link: https://www.econbiz.de/10012866367
the system, and that merger policies commonly used to deal with troubled financial institutions during crises have …
Persistent link: https://www.econbiz.de/10014345560
This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by acquiring firms. We use data for UK publicly-listed firms from 2004 to 2017 and employ a matching estimator combined with difference-in-differences to control for the endogenous...
Persistent link: https://www.econbiz.de/10012841927
Over the period 2015-2017, the five giant technologically leading firms, Google, Amazon, Facebook, Amazon and Microsoft (GAFAM) acquired 175 companies, from small start-ups to billion dollar deals. By investigating this intense M&A, this paper ambitions a better understanding of the Big Five's...
Persistent link: https://www.econbiz.de/10012842674
compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …
Persistent link: https://www.econbiz.de/10012871025
effects of M&As on firms' post-merger R&D investments and drug development capabilities across drug development phases. This … study builds on a novel database that enables us to evaluate the post-merger effect at the research project level and across … examine the direct and indirect merger effects on R&D capabilities across development phases. We find that M&As have a strong …
Persistent link: https://www.econbiz.de/10012833741
We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel … dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the … definition and the complexity of the merger. Simple, linear probability models as usually applied in the literature overestimate …
Persistent link: https://www.econbiz.de/10012836941