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We examine the shareholder wealth effects of takeover defenses by developing a model in which takeovers facilitate the implementation of technological innovations. In the rational expectations equilibrium of the model with explicit contracts, we show that takeover defenses are deployed to insure...
Persistent link: https://www.econbiz.de/10010661349
innovation and international technology transfer in general.  The literature suggests that patent protection in a host country … encourages technology transfer to that country but that its impact on innovation and development is much more ambiguous.  We then …-related technologies.  We conclude that the "double externality" problem, that is the presence of both environmental and knowledge …
Persistent link: https://www.econbiz.de/10011004303