This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non … predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity, a merger reduces innovation of both the merged entity and non-merging competitors in an industry with high R …

The question how mergers affect innovation has gained prominence in a number of recent merger cases. Accounting for the … likely effects of mergers on innovation is difficult for a number of reasons though. First of all, the relationship between … market concentration and innovation is far from clear and not unambiguous. While it is an empirical regularity and, hence, a …

&As). Specifically, we discuss the effects of M&As on innovation, product variety, and sustainability. Although the relationship is … theoretically ambiguous, the vast majority of ex-post evaluations of horizontal M&As finds large negative effects on innovation …