share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …This paper contributes to the ongoing debate on the welfare effects of foreign direct investment by investigating the … selection bias, it is found that foreign takeovers have a large negative impact on the propensity to perform innovation …

widespread integration project to ensure that a company’s innovative capabilities are carried forward into the future. Previous …

Using data on anti-takeover provisions (ATPs) and top management characteristics hand-collected from IPO prospectuses …