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Horizontal mergers and exit in declining industries
Filson, Darren; Songsamphant, Bunchon - 2001
Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse demand curve is steep at high levels of output and...
Persistent link: https://www.econbiz.de/10011569023
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Did Concentration on Core Competencies Drive Merger and Acquisition Activities in the 1990s? Empirical Evidence for Germany
Hussinger, Katrin - 2005
In the context of increasing globalization of markets, merger and acquisition activities in the 1990s are said to be driven by reorganization processes with respect to concentration on firms? core competencies in order to increase or maintain market power in international markets. This paper...
Persistent link: https://www.econbiz.de/10010297448
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Horizontal Mergers, Investments and Industry Evolution
Li, Dongxu - 2021
Do horizontal mergers shape the way an industry evolves? I answer this question by investigating the non-merging rivals’ investments. Based on the stylized fact that the rivals’ performance on average declines in the three years following horizontal mergers, I find the rivals become more...
Persistent link: https://www.econbiz.de/10013212018
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Absorptive capacity and post-acquisition inventor productivity
Hussinger, Katrin - 2010
Inventors often experience a low productivity after their company has been subject to a merger or acquisition (M&As). It is of central managerial interest to identify factors facilitating the integration of new inventive staff and thereby counteracting innovation declines after M&As. This paper...
Persistent link: https://www.econbiz.de/10010302591
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Absorptive capacity and post-acquisition inventor productivity
Hussinger, Katrin - 2010
eine geringe Produktivität der bei der Fusion übernommen Erfinder in den unmittelbaren Folgejahren. Aus diesem Grund ist es …, die Produktivität der akquirierten Erfinder in den Jahren unmittelbar nach der Fusion zu erhöhen. Absorptionsfähigkeit … nach einer Fusion den Arbeitgeber wechseln können, zeigen, dass die Produktivität der übernommenen Erfinder, gemessen in …
Persistent link: https://www.econbiz.de/10008660550
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Absorptive Capacity and Post-Acquisition Inventor Productivity
Hussinger, Katrin - 2014
Inventors often experience a low productivity after their company has been subject to a merger or acquisition (M&As). It is of central managerial interest to identify factors facilitating the integration of new inventive staff and thereby counteracting innovation declines after M&As. This paper...
Persistent link: https://www.econbiz.de/10014191176
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Horizontal mergers, firm heterogeneity, and R&D investments
Matsushima, Noriaki; Satō, Yasuhiro; Yamamoto, Kazuhiro - 2009
We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether firms have merger incentives, and, if so, whether...
Persistent link: https://www.econbiz.de/10003921808
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Horizontal Mergers, Firm Heterogeneity, and R&D Investments
Matsushima, Noriaki - 2009
We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether firms have merger incentives, and, if so, whether...
Persistent link: https://www.econbiz.de/10013156465
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Haftungsregeln und Innovation
Czarnitzki, Dirk; Kraft, Kornelius - 2000
In dieser Studie werden die Anreize für Innovationsaktivitäten von Firmen mit beschränkter und unbeschränkter Haftung untersucht. Innovationen sind mit einem gewissen Risiko behaftet. Firmeneigner können ihr persönliches Risiko jedoch begrenzen, wenn das Unternehmen eine Rechstform mit...
Persistent link: https://www.econbiz.de/10010297701
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Management Control and Innovative Activity
Czarnitzki, Dirk; Kraft, Kornelius - 2000
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10010297732