With mergers & acquisitions playing an increasingly important role in today's business world, academic research has … on the analysis of the financial effect of mergers & acquisitions as measured by market value or debt level. Thus … mergers & acquisitions remained comparatively underinvestigated for a long time. This, however, has changed in recent years …

that post-merger innovation performance, in particular with large spillover, increases the probability of survival, while …. -- merger failure ; innovation performance ; technology ; open innovation ; biotechnology …This paper addresses the key determinants of merger failure, in particular the role of innovation (post-merger …

This paper studies mergers in markets where firms invest in a portfolio of research projects of different profitability … appropriable, then a merger increases consumer welfare by reducing investment in the most profitable project and increasing … effect of mergers makes them consumer welfare improving. With constant elasticity of demand and constant marginal costs, a …

We examine the importance of firm integration to outcomes of mergers and acquisitions using new ex ante product … proposed acquisitions that might not materialize. As validation, our ex ante measures predict post-merger 10-K statements by … managers indicating difficulties with acquisition integration, and specific complaints about technological and product …

One of the key processes that business leaders are using to grow their organizations is mergers and acquisitions (M …