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enhances their post-acquisition green innovation performances. Our results also show an increase in green acquisitions after …-relevant sectors and countries with low environmental standards than their counterparts. However, green acquisitions after the Paris …
Persistent link: https://www.econbiz.de/10014279997
The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...
Persistent link: https://www.econbiz.de/10010320055
sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …
Persistent link: https://www.econbiz.de/10010320298
effects on the sales price. Moreover, preemptive acquisitions by incumbents are shown to stimulate the process of creative …
Persistent link: https://www.econbiz.de/10010320309
preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the …
Persistent link: https://www.econbiz.de/10010291511
are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …
Persistent link: https://www.econbiz.de/10012162423
Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an … startups just to "kill" their ideas, and acquisitions can erode incumbents' own innovation incentives. Our paper aims to assess … the net effect of these forces. To do so, we build an endogenous growth model with heterogeneous firms and acquisitions …
Persistent link: https://www.econbiz.de/10013465631
, we find that the industry distribution is significantly different for failure and acquisitions. This calls for some kind …
Persistent link: https://www.econbiz.de/10010297767
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … initial acquisition triggers a wave of follow-on acquisitions, where the process of asset accumulation by the consolidator is … accelerated since the value of follow-on acquisitions is enhanced by the more concentrated industry structure. An initial …
Persistent link: https://www.econbiz.de/10010325365
Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbidand destroy shareholder …
Persistent link: https://www.econbiz.de/10010326182