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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
Horizontal shareholdings exist when a common set of investors own significant shares in corporations that are horizontal competitors in a product market. Economic models show that substantial horizontal shareholdings are likely to anticompetitively raise prices when the owned businesses compete...
Persistent link: https://www.econbiz.de/10013004193
Although empirical studies show that common shareholding affects corporate conduct and that common horizontal shareholding lessens competition, critics have argued that the law should not take any action until we have clearer proof on the causal mechanisms. I show that we actually have ample...
Persistent link: https://www.econbiz.de/10012849569
The central aim of the article is company governance, i.e., researching governance of a company that does not want to be only financially successful but also direct its governance toward socially responsible governance. The article begins with the definition of "theoretical backgrounds," in...
Persistent link: https://www.econbiz.de/10012040099
influence of outsiders is offset by the pressure to focus on innovation strategies. …
Persistent link: https://www.econbiz.de/10010475224
influence of outsiders is offset by the pressure to focus on innovation strategies. …
Persistent link: https://www.econbiz.de/10010478011
This paper studies whether board connectedness affects corporate innovation. We find that well-connected boards have a … positive impact on innovation activities and quality. The effect is stronger when firms have higher advising demand or face …
Persistent link: https://www.econbiz.de/10012964329
going public significantly impedes corporate innovations by lowering overall innovation quality. For firms with shareholders …
Persistent link: https://www.econbiz.de/10012833759
We examine whether institutional investors with short-term incentives affect firms' innovation performance. We find … innovation performance, as measured by patents and citations. To address potential endogeneity, we exploit the positive liquidity … concentrated short-term investors are less likely to engage in explorative innovation. We nevertheless also find that the negative …
Persistent link: https://www.econbiz.de/10012908541
better innovation outcomes, measured by patents and citations, greater innovation effectiveness, and more diverse and … to identify CEOs who are likely to drive innovation success …
Persistent link: https://www.econbiz.de/10013006115