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M&A and Innovation a major means of today’s competitive strategy development, this paper examines the innovation … determinants of M&A activity and the consequences of M&A transactions on the technological potential and the innovation performance … firm-level data on M&A and innovation activity as well as financial characteristics. By implementing a counterfactual …
Persistent link: https://www.econbiz.de/10005860984
Does competitive pressure foster innovation? In addressing this important question, priorstudies ignored a distinction … between discrete innovation aiming at entirely new technologyand continuous improvement consisting of numerous incremental …
Persistent link: https://www.econbiz.de/10005861521
This paper analyzes empirically the effects of innovation onemployment at the firm level using a uniquely long panel …
Persistent link: https://www.econbiz.de/10005866096
This paper addresses the key determinants of merger failure, in particularthe role of innovation (post … introduce a model of process innovation where merged firmsexibit intra-merger spillover of knowledge under different market …) which contradicts the notion of failureand suits well the open innovation paradigm. …
Persistent link: https://www.econbiz.de/10005860566
The growth process for a technological leader is different from that of a follower.While followers can grow through imitation and capital deepening, a leader must undertakeoriginal research. This suggests that as the gap between the leader and the follower narrows, thefollower must undertake...
Persistent link: https://www.econbiz.de/10005870259
In der öffentlichen Diskussion werden die Bezüge von Führungskräften mit der Semantikder Leistungsgerechtigkeit bewertet. Allerdings zeigt eine detaillierte Analysevon Prinzipal-Agent-Problemen in der modernen Wirtschaft, dass eine leistungsgerechteEntlohnung oft nicht das beste Ergebnis...
Persistent link: https://www.econbiz.de/10008756553
This paper theoretically and empirically analyzes the interaction of emigration of highly skilled labor, an economy`s income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with endogenous education and R&D investment decisions we show...
Persistent link: https://www.econbiz.de/10005860620
We document the nature of structural changes in employment to understand “jobless” growthin Irish Manufacturing in the aftermath of EEC/EU membership, 1972-2003. By 1972, fortyyears of protectionism and fifteen years of export promotion induced the coexistence of largeexporting plants with...
Persistent link: https://www.econbiz.de/10005861173
Skill-biased technical change is usually interpreted in terms of the efficiency parameters ofskilled and unskilled labor. This implies that the relative productivity of skilled workerschanges proportionally in all tasks. In contrast, we argue that technical changes also affectthe curvature of...
Persistent link: https://www.econbiz.de/10005863221
structure of endogenous growthmodels with horizontal as well as vertical innovation and emphasizing important implicationsfor …
Persistent link: https://www.econbiz.de/10005863368