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When a partnership comes to an end partners have to determine the terms of the dissolution. A well known way to do so is by enforcing a buy/sell option. Under its rules one partner has to offer a price for the partnership and the other agent can choose whether she wants to sell her share or buy...
Persistent link: https://www.econbiz.de/10010263098
Innovation activities in high tech industries provide considerable challenges for technology and innovation management. In particular, firms frequently face significant technological challenges since these industries has a long history of radical innovations which are taking place through...
Persistent link: https://www.econbiz.de/10010263707
Innovation activities in high technology industries provide considerable challenges for technology and innovation management. In particular, since these industries have a long history of radical innovations taking place through distinct industry cycles of higher and lower demand, firms...
Persistent link: https://www.econbiz.de/10010263743
Theoretically and experimentally, we generalize the analysis of acquiring a company (Samuelson and Bazerman 1985) by allowing for competition of both, buyers and sellers. Naivety of both is related to the idea that higher prices exclude worse qualities. While competition of naive buyers...
Persistent link: https://www.econbiz.de/10010263850
This study distinguishes multinational firm (MNE) technology-spillover from learning effects. Whenever learning takes time, the model predicts that foreign investors deduct the economic value of learning from wages of inexperienced workers and add it to experienced ones to prevent them from...
Persistent link: https://www.econbiz.de/10010264239
within the firm. The welfare analysis illustrates that larger countries are better off after the merger. By contrast, smaller … countries may lose, if the pre-merger production cost differential across firms is negligible and/or a post-merger technology … effects of a merger. In this respect, the main result of the paper is that an adjustment of plant location in space can …
Persistent link: https://www.econbiz.de/10010264303
firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by the … national government whose objective function may include a bias against the foreign takeover. That bias endogenously results … qualitatively different effect. The foreign takeover would then only emerge in an intermediate range of trade costs. Once trade …
Persistent link: https://www.econbiz.de/10010264736
non-MNEs, and purely domestic firms before foreign takeover. The results, controlling for possible endogeneity of the … horizontal or vertical. We also find robust positive employment growth effects only for exporters, and only if the takeover is …
Persistent link: https://www.econbiz.de/10010265236
This paper investigates the effects of the takeover of a domestic establishment by foreign owners on the domestic …
Persistent link: https://www.econbiz.de/10010265391
Persistent link: https://www.econbiz.de/10010265400