Showing 31 - 40 of 100
Private equity owned firms have more leverage, more intense compensation contracts, and higher productivity than comparable firms. We develop a theory of buyouts in oligopolistic markets that explains these facts. Private equity firms are more aggressive in inducing restructuring compared to...
Persistent link: https://www.econbiz.de/10008476275
market competition tends to increase the relative profitability of innovation for sale. Increased competition not only … innovation for sale can increase with increased competition. Moreover, a stricter, but not too strict, merger policy is shown to … increase the incentive for innovations for sale by ensuring the bidding competition for the innovation. …
Persistent link: https://www.econbiz.de/10011048630
-ownership. Local stock markets can spur innovation and foreign direct investment (FDI) and reduce the risk of early cross …
Persistent link: https://www.econbiz.de/10012145523
Persistent link: https://www.econbiz.de/10012659554
-ownership. Local stock markets can spur innovation and foreign direct investment (FDI) and reduce the risk of early cross …
Persistent link: https://www.econbiz.de/10012061339
-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
Persistent link: https://www.econbiz.de/10010275011
-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
Persistent link: https://www.econbiz.de/10010427596
. -- Entrepreneurship ; Innovation ; Start-ups ; Ownership ; Breakthrough ; Quality …
Persistent link: https://www.econbiz.de/10009625140
This paper examines how entrepreneurs and incumbents differ in R&D strategies. We show that entrepreneurs have incentives to choose projects with higher risk and a higher potential in order to reduce expected commercialization costs. However, entrepreneurs may still select too safe projects from...
Persistent link: https://www.econbiz.de/10011549385
-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
Persistent link: https://www.econbiz.de/10009124617