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Mergers lead to larger firms and a less competitive market structure, but their effects on innovation are not clear …. Mergers may improve innovation incentives by promoting economies of scope and scale, R\&D activities, and increasing the … ability to deal with uncertainties. However, mergers may also discourage innovation by reducing competition, increasing costs …
Persistent link: https://www.econbiz.de/10012935892
The impact of innovation on mergers has been a subject of debate in merger enforcements. Firms may decide to merge … because of increasing market share and expanding capacity. However, mergers may also be motivated by innovation since they … provide resources for commercialization of innovation and allow for capturing knowledge spillovers. There are myriad studies …
Persistent link: https://www.econbiz.de/10012935893
) systems. But there has been little systematic study into the impacts of the ITC and CSI on technological innovation. To …
Persistent link: https://www.econbiz.de/10013078739
The debate on whether COVID-19 vaccine patents are slowing down the pace of vaccination and the recovery from the crisis has brought the optimal design of pharmaceutical patent policy to the fore. In this paper we evaluate patent policy in the US pharmaceutical industry. We estimate the effect...
Persistent link: https://www.econbiz.de/10012802183
Horizontal shareholding exists when significant shareholders have stock in horizontal competitors. (It is often imprecisely called "common shareholding," but that term can also apply when shareholders own stock in two noncompeting corporations. It differs from "cross-shareholding," which...
Persistent link: https://www.econbiz.de/10011685455
This Article shows that new economic proofs and empirical evidence provide powerful confirmation that, even when horizontal shareholders individually have minority stakes, horizontal shareholding in concentrated markets often has anticompetitive effects. The new economic proofs show that,...
Persistent link: https://www.econbiz.de/10011810808
The central aim of the article is company governance, i.e., researching governance of a company that does not want to be only financially successful but also direct its governance toward socially responsible governance. The article begins with the definition of "theoretical backgrounds," in...
Persistent link: https://www.econbiz.de/10012040099
effects are stronger for smaller firms. Acquisitions, Research and Developement, Innovation, Competition …
Persistent link: https://www.econbiz.de/10009295809
. Importantly, the theoretical model captures the strategic behavior between competing firms, its effect on their innovation …
Persistent link: https://www.econbiz.de/10012104132
Persistent link: https://www.econbiz.de/10011326722