Empirical research on the relationship between innovation and firm level productivity offers conflicting results. We investigate the impact of innovation on labour productivity through the construction of a unique panel data-set that merges information on roughly 5,000 publicly traded U.S....

Improving shareholder value has often been cited as a merger determinant. Since mergers create larger firms and less competition, they may increase shareholder value through higher market share and stock-market value. We investigate merger impacts on firms' stock-market value and market share....

Objectives: Recent studies suggest an ambiguous relationship between obesity and cigarette taxes. We employ Canadian data to evaluate the effects of cigarette taxes on smoking and obesity. Methods: We use a simple reduced form approach and exploit the significant cross-province differences that...

Objectives Recent studies suggest an ambiguous relationship between obesity and cigarette taxes. We employ Canadian data to evaluate the effects of cigarette taxes on smoking and obesity.Methods We use a simple reduced form approach and exploit the significant cross-province differences that...

Econometric analyses widely use the listwise deletion approach - which is also called the complete case method - and the indicator approach for models with censored regressors and regressors with missing observations. Nevertheless, the existing literature provides few studies which examine the...

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...