This study investigates the determinants of changes in corporate ownership and firm failure, taking into account … likely to fail or to be sold when performance is poor, financial pressure is high, and firm size is small. Cross ownership … deters control changes, and ownership concentration has a non-linear impact on the likelihood of control transfer. In …

advantages in the market for corporate control. But we show that tax advantages do not affect the equilibrium ownership of …

acquired company. If inventors would respond with a decline of their patent productivity or departure from the firm this can be … stayed with the merged entity; 3.) M&As trigger inventor mobility, but do not lead to a decline in patent productivity if …

more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such …

We propose a model of investments prior to corporate ownership changes. We derive conditions under which the selling of …

effects on the sales price. Moreover, preemptive acquisitions by incumbents are shown to stimulate the process of creative …

This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency … ownership (control transfers). Such changes are more likely for firms with high leverage, while they are less likely for larger … firms and firms with high ownership concentration. Only for listed firms poor performance is related to more frequent …

mergers and acquisitions. In this paper we show that a knowledge-based firm's probability of being a takeover target is … is bound to its founder or manager owner. We analyze the incentive effects of different arrangements of ownership in a … the organizational significance of ownership of complementary assets. In a small theoretical model we assume that the …