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enhances their post-acquisition green innovation performances. Our results also show an increase in green acquisitions after …-relevant sectors and countries with low environmental standards than their counterparts. However, green acquisitions after the Paris …
Persistent link: https://www.econbiz.de/10014279997
are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …
Persistent link: https://www.econbiz.de/10012162423
Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an … startups just to "kill" their ideas, and acquisitions can erode incumbents' own innovation incentives. Our paper aims to assess … the net effect of these forces. To do so, we build an endogenous growth model with heterogeneous firms and acquisitions …
Persistent link: https://www.econbiz.de/10013465631
portfolio of productive assets through acquisitions and divestitures. They acquire assets with superior ESG performance and … assets with weaker ESG performance. Notably, our findings demonstrate that acquisitions are more effective than divestitures …
Persistent link: https://www.econbiz.de/10014355357
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … initial acquisition triggers a wave of follow-on acquisitions, where the process of asset accumulation by the consolidator is … accelerated since the value of follow-on acquisitions is enhanced by the more concentrated industry structure. An initial …
Persistent link: https://www.econbiz.de/10011372521
We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...
Persistent link: https://www.econbiz.de/10011337975
It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert-identification of relevant rivals and the event-study...
Persistent link: https://www.econbiz.de/10010364303
make acquisitions can significantly reduce their conditional probability of being taken over, largely through the impact …
Persistent link: https://www.econbiz.de/10011530493
With this paper we present the first microeconometric analysis of the impact of a foreign acquisition on the target firms' access to finance. By using a large database of German firms we furthermore investigate for the first time the link between foreign ownership and access to finance in...
Persistent link: https://www.econbiz.de/10010481336
, we find that the industry distribution is significantly different for failure and acquisitions. This calls for some kind …
Persistent link: https://www.econbiz.de/10011446202