We propose a novel mechanism through which established firms contribute to the startup ecosystem: the allocation of R&D tax credits to startups via the M&A channel. We show that when established firms become eligible for R&D tax credits, they increase their R&D and M&A activity. In particular,...

"Since the 1970s, the closure of mines, mills, and factories has marked a rupture in working-class lives. The Deindustrialized World interrogates the process of industrial ruination, from the first impact of layoffs in metropolitan cities, suburban areas, and single-industry towns to the shock...

In anschaulicher, lebendiger Darstellung analysiert Drucker unsere Epoche als eine Zeit des Umbruchs, in der sich die Gesellschaft neu formiert. Die Entwicklung ist nicht abgeschlossen, aber Richtung und Herausforderungen sind erkennbar. Wir sind auf dem Weg zu einer "knowledge society", in der...