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In this paper, we summarize the economic literature on non-price effects of mergers and acquisitions (M&As). Specifically, we discuss the effects of M&As on innovation, product variety, and sustainability. Although the relationship is theoretically ambiguous, the vast majority of ex-post...
Persistent link: https://www.econbiz.de/10014310467
We analyze the strategic protection decision of an innovator between a patent and secrecy in a setting with horizontally differentiated products. By introducing the patenting decision into the well known circular city model, the impact of the disclosure requirement linked to a patent application...
Persistent link: https://www.econbiz.de/10010301803
We analyze the strategic protection decision of an innovator between a patent and secrecy in a setting with horizontally differentiated products. By introducing the patenting decision into the well known circular city model, the impact of the disclosure requirement linked to a patent application...
Persistent link: https://www.econbiz.de/10003921595
This article explores the propensity to patent in the light of the disclosure effect. Unlike earlier approaches concerned with the patenting decision, we take into account that a disclosure effect may decrease the merits of patenting by facilitating inventing around the patent for competitors....
Persistent link: https://www.econbiz.de/10009509671
We study the licensing incentives of an independent input producer owning a patented product innovation which allows the downstream firms to improve the quality of their final goods. We consider a general two-part tariff contract for both outside and incumbent innovators. We find that technology...
Persistent link: https://www.econbiz.de/10011734172
We study the licensing incentives of an independent input producer owning a patented product innovation which allows the downstream firms to improve the quality of their final goods. We consider a general two-part tariff contract for both outside and incumbent innovators. We find that technology...
Persistent link: https://www.econbiz.de/10014168863
Persistent link: https://www.econbiz.de/10010341519
Persistent link: https://www.econbiz.de/10012168517
We examine whether and how product market competition with existing competitors affects the content of a firm’s disclosure relative to that of industry peers. We use a topic-modeling technique to extract and compare thematic topics in MD&A disclosure in 10-K filings between industry peers....
Persistent link: https://www.econbiz.de/10013403546
Our study puts special attention to the fact that R&D cooperations in the pharmaceutical industry are formed at different stages throughout the drug development process. We study if the timing to engage in R&D cooperations in the pharmaceutical industry has different impacts on the technology...
Persistent link: https://www.econbiz.de/10010229875