Showing 1 - 10 of 10,170
One of the key processes that business leaders are using to grow their organizations is mergers and acquisitions (M … emerged through data analysis: leadership focus, value creation, integration strategy, the review process, relationship …
Persistent link: https://www.econbiz.de/10012286798
I review recent takeover research which advances our understanding of "who buys who" in the drive for productive efficiency. This research provides detailed information on text-based definitions of product market links between bidders and targets, the role of the supply chain and industrial...
Persistent link: https://www.econbiz.de/10010254150
Using novel data from the pharmaceutical industry, we study the impact of mergers on product prices and innovation … within concentrated product markets and for acquisitions of drugs still in the pipeline. These findings are consistent with … the effects of market power consolidation from mergers outweighing synergistic gains. Examination of trade-offs reveals …
Persistent link: https://www.econbiz.de/10012847955
We exploit Medicare national coverage reimbursement approvals as a quasi-natural experiment to investigate how the financing decisions of private and publicly traded firms respond to changes in investment opportunities. We find that publicly traded companies increase their external financing,...
Persistent link: https://www.econbiz.de/10013006219
This study investigates why newly listed firms become M&A targets shortly after their initial public offering (IPOs) from the perspective of product innovation. We find strong empirical evidence that IPOs with less established trademarks increase the likelihood of becoming IPO targets. We also...
Persistent link: https://www.econbiz.de/10013308400
We estimate the private value of Apple's iPhone by observing abnormal stock market reactions to news announcements and patent publications related to the innovation. Our estimate of the lower bound on the market valuation of iPhone is fairly high, at minimum 30 billion U.S. (event day) dollars....
Persistent link: https://www.econbiz.de/10013068821
Abstract U.S. firms have reduced their investment in scientific research ("R") compared to product development ("D"), raising questions about the returns to each type of investment, and about the reasons for this shift. We use Census data that disaggregates "R" from "D" to study how US firms...
Persistent link: https://www.econbiz.de/10014337755
In this study, we use a hand-collected dataset of employee lawsuits to understand the effect of employee allegations on firms' innovation in a human capital-intensive industry. We gather more than 2,293 employee disputes between 2000 and 2015 and test the relationship between employee lawsuits...
Persistent link: https://www.econbiz.de/10012865660
We examine activist short sellers’ real impacts on their target firms using a novel dataset of new product introductions (NPIs). We document that target firms experience declines in NPIs relative to their matched control firms after being targeted. Target firms also experience reductions in...
Persistent link: https://www.econbiz.de/10013403952
Persistent link: https://www.econbiz.de/10011877173