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Persson, Lars; Norbäck, Pehr-Johan - 2001

sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The …

Persistent link: https://www.econbiz.de/10010334727

The Acquisition of Technology and Small Firms by Large Firms

Granstrand, Ove; Sjölander, Sören - 1990

This paper describes how large, typically multi-technology corporations build up and exploit their technological capability by purchasing small, technology-based firms in order to acquire their technology. The frequency, possible causes and economic effects of this phenomenon are elaborated,...

Persistent link: https://www.econbiz.de/10010334830

Privatization as a part of a Liberalization Program in an International Oligopoly

Norbäck, Pehr-Johan; Persson, Lars - 2000

This paper determines the equilibrium market structure in an international oligopoly which is opened up by a privatization. Market power is shown to be an important determinant of the equilibrium market structure, when greenfield investment costs are high. When the greenfield investment costs...

Persistent link: https://www.econbiz.de/10010335161

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - 2004

The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...

Persistent link: https://www.econbiz.de/10010320055

Privatization Policy in an International Oligopoly

Norbäck, Pehr-Johan; Persson, Lars - 2003

counterproductive, by preventing welfare-enhancing foreign acquisitions. …

Persistent link: https://www.econbiz.de/10010320057

The Insiders' Dilemma: An Experiment on Merger Formation

Lindqvist, Tobias; Stennek, Johan - 2001

mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …

Persistent link: https://www.econbiz.de/10010334980

Predation and Mergers: Is Merger Law Counterproductive?

Persson, Lars - 1999

This paper studies the interaction between the incentives for predation and mergers. I show that the incentive for …-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … stronger, since it allows mergers bu limits the bidding competition. …

Persistent link: https://www.econbiz.de/10010335038

Mergers by Partial Acquisition

Lindqvist, Tobias - 2004

the insiders' dilemma, i.e. profitable mergers do not occur. This strategy may thus be more profitable for a buyer than …

Persistent link: https://www.econbiz.de/10010320109

Acquisiton Strategies: Empirical Evidence of Outsider-Toeholds

Lindqvist, Tobias - 2005

Theoretically, cross ownership may mitigate mergers, i.e. market concentrations. Holding a share in a competing firm …

Persistent link: https://www.econbiz.de/10010320168