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Synergizing ventures
Akcigit, Ufuk; Dinlersoz, Emin Murat; Greenwood, Jeremy; … - 2019
reaching the right tails of the firm size and innovation distributions. Furthermore, outcomes are better for startups matched …
Persistent link: https://www.econbiz.de/10012389572
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Killer acquisitions and beyond: Policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that … prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other … acquisitions only has a weakly negative innovation effect, and we provide conditions under which the effect is zero. Furthermore …
Persistent link: https://www.econbiz.de/10012284781
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Connecting to power: Political connections, innovation, and firm dynamics
Akcigit, Ufuk; Baslandze, Salomé; Lotti, Francesca - 2020
How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …
Persistent link: https://www.econbiz.de/10012389582
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Killer acquisitions and beyond: Policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …
Persistent link: https://www.econbiz.de/10012662673
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Killer acquisitions and beyond: Policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2023
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a …, prohibiting acquisitions has a weakly negative overall innovation effect. We provide conditions determining the size of the effect …
Persistent link: https://www.econbiz.de/10014333779
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Killer acquisitions and beyond: Policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …
Persistent link: https://www.econbiz.de/10012588494
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Surveying business uncertainty
Altig, David; Barrero, Jose Maria; Bloom, Nicholas; … - 2019
We develop a new monthly panel survey of business executives and a new question design that elicits subjective probability distributions over own-firm outcomes at a one-year lookahead horizon. Our Survey of Business Uncertainty (SBU) began in 2014 and now covers 1,500 firms drawn from all 50...
Persistent link: https://www.econbiz.de/10012030295
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Pandemic-era uncertainty on Main Street and Wall Street
Meyer, Brent; Mihaylov, Emil; Davis, Steven J.; Parker, … - 2021
We draw on the monthly Survey of Business Uncertainty (SBU) to make three observations about pandemic-era uncertainty in the U.S. economy. First, equity market traders and executives of nonfinancial firms share similar assessments about uncertainty at one-year lookahead horizons. That is, the...
Persistent link: https://www.econbiz.de/10012653490