(R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition … diversifying mergers produce both a smaller number of innovations and also less-novel innovations, where innovations are measured … capital market and is largely driven by inventors becoming less productive after the merger rather than inventor exits …

firm's incentives for R&D. These changes influence the probability of innovation through two effects: changes in total R … shift from the rival firm to the dominant firm is a good thing as it decreases the likelihood of duplicate innovation (we … rights are strong. That is, firm dominance is good for innovation when (but only when) property rights are strong. We also …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

investments, externalities and key actors in national innovation systems and productivity. This study explores whether foreign … embeddedness in scientific, vertical and horizontal innovation systems. However, the advantage of higher R&D intensity and possible … knowledge technological knowledge spillover does not manifest itself in superior innovation output or productivity performance …

this study we have methodologically approximated foreign-ownership by foreign take-over and raised the question: how would … outperformed by domestic multinationals in R&D and innovation engagement. Finally, the results on labor productivity are at … variance with the findings in a large number of previous comparison studies. We find that foreign take-over of firms are …

countries Denmark, Finland, Norway and Sweden. This increase has generated interest in the welfare effect of foreign take-over … generally outperformed by domestic multinationals in R&D and innovation engagement. Third, despite the fact that domestic … multinationals are considerably more involved in national innovation systems than other firms, they are not producing more innovation …

-owned companies in R&D-activities; the relative embeddedness in various national innovation systems and the relative output … performance from R&D and innovation. A comparison is made between the innovation and productivity of foreign owned enterprises, of … Sweden, and based on the international harmonized Community Innovation Survey and uniform econometric approaches; the study …

not necessarily restrict the innovation incentives and that network effects promote acquisitions over entry. … option of selling to an incumbent increases the innovation incentives for entrepreneurs when the network effects are strong …

necessarily restrict innovation incentives. We also show that network effects promote acquisitions over entry and that the … option of selling to an incumbent increases innovation incentives for entrepreneurs when network effects are strong and … entrepreneur has strong incentives to invest in the initial user base of the innovation. …