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paper provides empirical evidence on post-merger mobility and productivity of 673 inventors employed by European acquisition … with the merged entity; 2.) inventors that left the acquired firm are less productive in post-merger years than those that …
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We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block rivals from obtaining assets. These incentives...
Persistent link: https://www.econbiz.de/10009772935
This paper analyzes the effects of cross-border mergers and acquisitions (M&As) on the innovation of European firms. The results indicate a considerable increase in post-acquisition innovation in the merged entity. This is mainly driven by inventors based in the acquirer's country, while...
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In the context of increasing globalization of markets, merger and acquisition activities in the 1990s are said to be …
Persistent link: https://www.econbiz.de/10002906069
We study effects on prices and quantities of a takeover in the rather concentrated German interurban bus industry. We … empirically asses the effect of the takeover of Postbus by Flixbus on industry key features, using a route-level price data set … containing prices for more than 6,000 routes in Germany for a period between September and December 2016. We find that average …
Persistent link: https://www.econbiz.de/10011687401
-ante characteristics of hospitals prior to a merger or an acquisition occurring between 2005 and 2010 in Germany, predominantly focusing on … exhibit a higher probability of merger. This pattern can be explained by different motives and rationales of hospital chains … ab. In dieser Studie werden die ex-ante Charakteristika von Krankenhäusern vor ihrer Fusion und Akquisition untersucht …
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