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R&D, Innovation and Competitiveness in the European Chemical Industry explores the science & technology base and the dynamic performance of the European "system of innovation" in the chemical industry, with particular attention to its contribution to economic growth through innovation and...
Persistent link: https://www.econbiz.de/10013518687
data from the European Commission’s market assessments in merger decisions with production data, we use recent … the performance of almost 600 rival firms in close to 200 merger cases before and after the change in market structure … increase their markups in the years after a merger. The effects are concentrated in markets with few competitors, among firms …
Persistent link: https://www.econbiz.de/10012317414
We study the interaction of customer capital and productivity through brand reallocation across firms. We develop a firm dynamics model with brands as transferable customer capital, heterogeneous firm productivity, and variable markups. We study the matching process between transferable brand...
Persistent link: https://www.econbiz.de/10015062505
The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market structure is rare. The 1952 breakup of Germany's leading chemical company, IG Farben, represents such a disruption. After the Second World War, the Allies occupying Germany imposed...
Persistent link: https://www.econbiz.de/10013358717
. This effect is more pronounced when the acquirer in a merger is an international Big 4 auditor or when a merger leads to a …
Persistent link: https://www.econbiz.de/10012850527
merger partner. The result is significantly higher rate of innovation with mergers than without and significantly higher long …
Persistent link: https://www.econbiz.de/10012856168
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efficiencies of size, and significant merger and acquisition activity. It also argues that several common “fragmentation drivers …
Persistent link: https://www.econbiz.de/10013213690
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