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This paper analyzes the effects of cross-border mergers and acquisitions (M&As) on the innovation of European firms …. The results indicate a considerable increase in post-acquisition innovation in the merged entity. This is mainly driven by … inventors based in the acquirer's country, while innovation in the target's country tends to decline. The asymmetry of effects …
Persistent link: https://www.econbiz.de/10010401729
We propose a novel mechanism through which established firms contribute to the startup ecosystem: the allocation of R&D tax credits to startups via the M&A channel. We show that when established firms become eligible for R&D tax credits, they increase their R&D and M&A activity. In particular,...
Persistent link: https://www.econbiz.de/10014305581
Persistent link: https://www.econbiz.de/10013275747
classes across all sectors and all EU Member States, we identify different innovation profiles based on a firm's R …&D investment and/or innovation activities. We find that "basic" firms - i.e. firms that do not engage in any type of R&D or … innovation - are more common among young SMEs, while innovators - i.e. firms that do R&D and introduce new products, processes or …
Persistent link: https://www.econbiz.de/10011900904
of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers on innovative …Both mergers and innovation are central elements of a firm s competitive strategy. However, model-theoretical analysis … mergers ; innovation ; research joint venture ; market structure …
Persistent link: https://www.econbiz.de/10009744913
This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities … those of Greenfield foreign direct investments and domestic M&As. -- Multinational enterprises ; mergers and acquisitions … at the firm level. In contrast to previous studies that analyze the effects on innovation in target firms, this paper …
Persistent link: https://www.econbiz.de/10003924470
. Furthermore, acquisitions increase the chances for a successful innovation. -- patent contest ; sequential acquisitions …Big companies and small innovation factories possess different advantages in a patent contest. While large firms …
Persistent link: https://www.econbiz.de/10009746789
improve innovation outcomes when market competition is weak and external financing conditions are bad. An RJV may increase the … innovation-reducing RJVs also exist. Finally, we compare RJVs to innovation-enhancing mergers. … resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs …
Persistent link: https://www.econbiz.de/10013277082
improve innovation outcomes when market competition is weak and external financing conditions are bad. An RJV may increase the … innovation-reducing RJVs also exist. Finally, we compare RJVs to innovation-enhancing mergers. … resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs …
Persistent link: https://www.econbiz.de/10013362245
enhances their post-acquisition green innovation performances. Our results also show an increase in green acquisitions after …-relevant sectors and countries with low environmental standards than their counterparts. However, green acquisitions after the Paris … Agreement do not show any significant impact on their post-acquisition innovation performances, raising concerns related to …
Persistent link: https://www.econbiz.de/10014279997