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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
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
Using Hoberg, Phillips and Prabhala's (2014) product market fluidity to capture competitive threats, we find that firms with high product market threats will invest more in R&D and generate higher number of patents and patent citations. In addition, this positive effect of competitive threats on...
Persistent link: https://www.econbiz.de/10012856560
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exploit brokerage mergers and closures to identify exogenous loss in analyst coverage. Affected firms experience reduction in …
Persistent link: https://www.econbiz.de/10012853840
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
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
Persistent link: https://www.econbiz.de/10011877173
Previous work has mostly looked at how acquisitions affect firm-level outcomes. This paper investigates how … acquisitions affect product-level outcomes in the context of the console video game industry. We model the effect of acquisitions … and geographic proximity between firms also predict acquisitions. We further find that publishers fail to leverage …
Persistent link: https://www.econbiz.de/10012965765