Empirical research on the relationship between innovation and firm level productivity offers conflicting results. We investigate the impact of innovation on labour productivity through the construction of a unique panel data-set that merges information on roughly 5,000 publicly traded U.S....

Mergers lead to larger firms and a less competitive market structure, but their effects on innovation are not clear. Mergers may improve innovation incentives by promoting economies of scope and scale, R\&D activities, and increasing the ability to deal with uncertainties. However, mergers may...

The impact of innovation on mergers has been a subject of debate in merger enforcements. Firms may decide to merge because of increasing market share and expanding capacity. However, mergers may also be motivated by innovation since they provide resources for commercialization of innovation and...

Improving shareholder value has often been cited as a merger determinant. Since mergers create larger firms and less competition, they may increase shareholder value through higher market share and stock-market value. We investigate merger impacts on firms' stock-market value and market share....