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Both mergers and innovation are central elements of a firm?s competitive strategy. However, model-theoretical analyses … of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers on innovative …
Persistent link: https://www.econbiz.de/10009226104
Both mergers and innovation are central elements of a firm’s competitive strategy. However, model-theoretical analysis … of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers on innovative …
Persistent link: https://www.econbiz.de/10005557816
the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …
Persistent link: https://www.econbiz.de/10005419538
Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines …
Persistent link: https://www.econbiz.de/10010888524
Diese Studie wurde von Kai Sülzle während seiner Tätigkeit am ifo Institut für Wirtschaftsforschung verfasst. Sie wurde im April 2007 fertig gestellt und zur Promotion an der Volkswirtschaftlichen Fakultät der Technischen Universität Dresden angenommen, wo sie am 26. Juni 2007 erfolgreich...
Persistent link: https://www.econbiz.de/10008791350
Using a simple but general two-stage framework, this paper identifies the circumstances under which increasing competition leads to more cost-reducing investments. The framework can, for instance, capture increasing substitutability for different types of oligopoly models or changes from Cournot...
Persistent link: https://www.econbiz.de/10011051617
outperformed by domestic multinationals in R&D and innovation engagement. Finally, the results on labor productivity are at …
Persistent link: https://www.econbiz.de/10005644951
generally outperformed by domestic multinationals in R&D and innovation engagement. Third, despite the fact that domestic … multinationals are considerably more involved in national innovation systems than other firms, they are not producing more innovation …
Persistent link: https://www.econbiz.de/10005644954
-owned companies in R&D-activities; the relative embeddedness in various national innovation systems and the relative output … performance from R&D and innovation. A comparison is made between the innovation and productivity of foreign owned enterprises, of … Sweden, and based on the international harmonized Community Innovation Survey and uniform econometric approaches; the study …
Persistent link: https://www.econbiz.de/10005645015
This paper examines the impact of the conglomerate form on the scale and novelty of corporate Research and Development (R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition outcomes of target firms. A difference-in-differences...
Persistent link: https://www.econbiz.de/10010737667