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Genetic codes of mergers, post merger technology evolution and why mergers fail

Cuntz, Alexander - 2008

This paper addresses the key determinants of merger failure, in particular the role of innovation (post-merger performance) and technology (ex-ante selection) when firms decide to separate. After a brief review of the existing literature we introduce a model of process innovation where merged...

Persistent link: https://www.econbiz.de/10010263728

Technology sourcing by large incumbents through acquisition of small firms

Wagner, Marcus - 2008

Innovation activities in high technology industries provide considerable challenges for technology and innovation management. In particular, since these industries have a long history of radical innovations taking place through distinct industry cycles of higher and lower demand, firms...

Persistent link: https://www.econbiz.de/10010263743

Competition on common value markets with naèive traders: a theoretical and experimental analysis

Chlaß, Nadine; Güth, Werner - 2007

Theoretically and experimentally, we generalize the analysis of acquiring a company (Samuelson and Bazerman 1985) by allowing for competition of both, buyers and sellers. Naivety of both is related to the idea that higher prices exclude worse qualities. While competition of naive buyers...

Persistent link: https://www.econbiz.de/10010263850

FDI technology spillovers and wages

Urban, Dieter M. - 2007

This study distinguishes multinational firm (MNE) technology-spillover from learning effects. Whenever learning takes time, the model predicts that foreign investors deduct the economic value of learning from wages of inexperienced workers and add it to experienced ones to prevent them from...

Persistent link: https://www.econbiz.de/10010264239

The trade and welfare effects of mergers in space

Egger, Hartmut; Egger, Peter - 2008

This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...

Persistent link: https://www.econbiz.de/10010264303

Tax competition: greenfield investment versus mergers and acquisitions

Becker, Johannes; Fuest, Clemens - 2008

In this paper, we analyze tax competition in a model where investor firms have the choice between two types of investment, greenfield investment and mergers and acquisitions. We show that the coexistence of these two types of investment intensifies tax competition in comparison to the case where...

Persistent link: https://www.econbiz.de/10010264323

The Impact of FDI on Innovation in Target Firms

Stiebale, Joel; Reize, Frank - 2008

share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …

Persistent link: https://www.econbiz.de/10010264721

National Champion Versus Foreign Takeover

Südekum, Jens - 2008

firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by the … national government whose objective function may include a bias against the foreign takeover. That bias endogenously results … qualitatively different effect. The foreign takeover would then only emerge in an intermediate range of trade costs. Once trade …

Persistent link: https://www.econbiz.de/10010264736

Mergers & acquisitions and innovation performance in the telecommunications equipment industry

Gantumur, Tseveen; Stephan, Andreas - 2007

The telecommunications in the 1990s witnessed an enormous worldwide round of Mergers & Acquisitions (M&A). This paper examines the innovation determinants of M&A activity and the consequences of M&A transactions on the technological potential and the innovation performance. We examine the...

Persistent link: https://www.econbiz.de/10010264970

Foreign acquisition, plant survival, and employment growth

Bandick, Roger; Görg, Holger - 2009

non-MNEs, and purely domestic firms before foreign takeover. The results, controlling for possible endogeneity of the … horizontal or vertical. We also find robust positive employment growth effects only for exporters, and only if the takeover is …

Persistent link: https://www.econbiz.de/10010265236