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firm's assets in the spirit of the Grossman-Hart-Moore incomplete contracts theory of the firm. This approach highlights …
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Although acquisitions of high tech entrepreneurial firms are of great popularity, the limited empirical evidence shows that these acquisitions often lead to dismal results in that a large number of acquired inventors leave the company after the acquisition and those that remain exhibit poor...
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credit enforcement is prohibitively costly. The theory helps to explain how the three observed phenomena of output decline …
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