introduce a model of process innovation where merged firms exibit intra-merger spillover of knowledge under different market … activity by firms (already in the 90s) which contradicts the notion of failure and suits well the open innovation paradigm …This paper addresses the key determinants of merger failure, in particular the role of innovation (post …

less. Laggard firms, we suggest, should instead achieve productivity growth through efficient exploitation of existing … technologies and imitation of industry leaders. Employment growth in leader firms is encouraged whereas growth of backward firms is … not as well received on the stock market. -- Distance to frontier ; Strategy ; Market value ; Innovation ; Firm Growth …

practical importance, though, growth remains a poorly understood property of firms. While previous studies have documented the … of all firms stem from the same generating process. These exploratory results indicate that growth rate persistence is …Firm growth is an essential feature of market economies, shaping together macroeconomic performance and the evolution …

) Committee in firms (Q4);- Assessment of recent U.S. restrictions on certain investments in China's capital markets (Q5);- Policy …

corporations. It differs from "cross-shareholding," which describes situations when firms own stock in each other, though cross …-shareholding is effectively a special case of horizontal shareholding when the firms are competitors.) This Article presents new …