This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non … predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity a merger reduces innovation in both the merged entity and in non-merging competitors in an industry with high R …

This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non … predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity, a merger reduces innovation of both the merged entity and non-merging competitors in an industry with high R …

We study the effect of antitakeover provisions (ATPs) on innovation. To establish causality, we use a regression …, causal effect of ATPs on innovation. This positive effect is more pronounced in firms that are subject to a larger degree of … information asymmetry and operate in more competitive product markets. The evidence suggests that ATPs help nurture innovation by …

We study the effect of analyst coverage on firms' innovation strategy and outcome. By considering three different … channels that allow firms to innovate: internal R&D, acquisitions of other innovative firms, and investments in corporate … negative effect becomes not significant when firms' in-house R&D spending and external innovation channels are taken into …

We investigate how CEO's risk incentive (vega) affects firm innovation. To establish causality, we exploit compensation … identification tests indicate a positive and causal effect of CEOs' vega on innovation activities. Furthermore, dampened managerial … risk-taking incentive after the implementation of FAS 123R leads to a significant reduction in innovation related to firm …

This paper examines the evolution of national competition (antitrust) policies and enforcement approaches vis … competition policy approaches toward intellectual property licensing arrangements in the US, Canada and the EU. Part 3 elaborates … the foundational insights that have motivated competition policy interventions with respect to 'newer' issues such as anti …

before the merger. While the low-variety target's stores reduced the depth of their assortment when in direct competition … chains’ response to changes in local competition. …

Both mergers and innovation are central elements of a firm's competitive strategy. However, model-theoretical analysis … of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers on innovative … activities and product market competition in the context of incremental process innovations. Inefficiencies due to organizational …