Showing 1 - 10 of 1,493
We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...
Persistent link: https://www.econbiz.de/10014287330
We examine how product differentiation influences mergers and acquisitions and the ability of firms to exploit product market synergies. Using novel text-based analysis of firm 10K product descriptions, we find three key results. (1) Firms are more likely to enter restructuring transactions when...
Persistent link: https://www.econbiz.de/10012464357
We study the relationship between firm centralization and organizational reproduction in satellite locations. For decentralized firms, the ethnic compositions of inventors in satellite locations mostly resemble their host cities, with little link to the inventor composition of their parent...
Persistent link: https://www.econbiz.de/10014372481
from innovation. In this paper, we revisit that question using a nationally representative sample of firms over the period … of the economics of innovation. There are five main findings. First, while patenting firms are relatively uncommon in the … differences in the type of R&D or innovation produced by a firm. We also discuss the implications of these findings for innovation …
Persistent link: https://www.econbiz.de/10014322815
This paper investigates whether the recent wave of corporate restructuring in the United States has had a negative impact on research arid development investment by industrial firms. Using a newly constructed sample of about 2500 manufacturing firms from 1974 to 1987, I examine three major...
Persistent link: https://www.econbiz.de/10012475821
estimation is over panel datasets of patent grants, and unpatented innovations that were submitted for prizes at the annual … hypothesize that the difference partly owes to the design of patent institutions, which explicitly incorporate mechanisms for …
Persistent link: https://www.econbiz.de/10012457934
-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as … standard measures of patent quality, we find that patents granted to firms involved in private equity transactions are more …
Persistent link: https://www.econbiz.de/10012464024
disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding … impact of the crisis appears in citation-weighted patent output after 3 to 5 years. Finally, we show that if other firms …
Persistent link: https://www.econbiz.de/10014337755
This paper presents evidence that firms' patents, profits and market value are systematically related to the"technological position" of firms' research programs. Further, firms are seen to "move" in technology space in response to the pattern of contemporaneous profits at different positions....
Persistent link: https://www.econbiz.de/10012477262
Support for R&D subsidies relies on empirical evidence that R&D "spills over" between firms. But firm performance is affected by two countervailing R&D spillovers: positive effects from technology spillovers and negative business stealing effects from R&D by product market rivals. We develop a...
Persistent link: https://www.econbiz.de/10012465594