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Competition authorities have a growing interest in assessing the effects of partial ownership arrangements. We show that the effects of such agreements on competition and welfare depend on the intensity of competition in the market and on the firms' governance structure. When assessing the...
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Competition authorities have a growing interest in assessing the effects of partial ownership arrangements. We show that the effects of such agreements on competition and welfare depend on the intensity of competition in the market and on the firms' governance structure. When assessing the...
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high takeover threat. This study examines the effects of hostile takeover threats on managerial efforts to innovate. Our … results show that more active hostile takeover markets stifle managerial efforts in corporate innovation. The findings suggest … that managers tend to be more myopic when firms are exposed to hostile takeover threats. Managers will put less effort into …
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