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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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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
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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New Technologies and the Demand for Medium Qualified Labour in Germany
Jacobebbinghaus, Peter; Zwick, Thomas - 2008
The literature on skill-biased technological change concentrates on highly skilled and unskilled employees. It is unclear, however, if the employment opportunities of the majority of the labour force in Germany - employees with a degree from the dual apprenticeship system - increase or not. In...
Persistent link: https://www.econbiz.de/10014108866
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Firm Leadership and Innovative Performance : Evidence from Seven EU Countries
Czarnitzki, Dirk; Kraft, Kornelius - 2005
This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...
Persistent link: https://www.econbiz.de/10014028506
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Management Control and Innovative Activity
Czarnitzki, Dirk; Kraft, Kornelius - 2015
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/10014028542
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Haftungsregeln und Innovation
Czarnitzki, Dirk - 2000
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits will be more difficult to receive if liability is limited....
Persistent link: https://www.econbiz.de/10013428336