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We analyze the frequency and nature by which new firms are acquired by established businesses. Acquisitions are often … up to 18 years after entry, we show that acquisitions of recent start-ups are rare and restricted to a small group of … resources. Our overall findings support the argument that acquisitions primarily concern NTBFs in market contexts where entry …
Persistent link: https://www.econbiz.de/10010945043
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 …
Persistent link: https://www.econbiz.de/10010840013
The entrepreneur is an elusive character in economic theory due to the difficulty of providing an accurate description. It appears impossible to produce a single definition of entrepreneurship and most theoretical approaches yield operational difficulties. By the same token, most operational...
Persistent link: https://www.econbiz.de/10005644970
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. …
Persistent link: https://www.econbiz.de/10011083667
This paper illustrates that taking alternative mergers into consideration when analyzing the effects of a proposed … merger may provide some information to the antitrust authorities. In particular, the use of revealed preference may allow the … authorities to establish an expected upper limit on the efficiency gains obtained in a given merger that also increases the …
Persistent link: https://www.econbiz.de/10005106799
This paper explores domestic mergers and acquisitions (M&As) from the regional perspective. The Finnish firm …
Persistent link: https://www.econbiz.de/10005118986
We allow the preference of a political majority to determine both the corporate governance structure and the division of profits between human and financial capital. In a democratic society where financial wealth is concentrated, a political majority may prefer to restrain governance by...
Persistent link: https://www.econbiz.de/10005137317
This paper explores domestic mergers and acquisitions (M&As) from the regional perspective. The Finnish firm …
Persistent link: https://www.econbiz.de/10005556219
the form of mergers and acquisitions followed by the firms in the Indian pharmaceutical industry. The study found that … competition arising out of the pro-market reforms and to strengthen their market portfolio. The study reaches the conclusion that …
Persistent link: https://www.econbiz.de/10005620025
that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert …It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue … merger announcement date. Further, we find that the stock reaction of rivals to merger events is not sensitive to merger …
Persistent link: https://www.econbiz.de/10005785917