Showing 1 - 10 of 59
individuals, we find evidence that high-quality inventions are sold under preemptive bidding competition, post entry. …
Persistent link: https://www.econbiz.de/10011742388
We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary …-enhancing mergers and by preventing concentration in the industry. By spreading the cost of specializing in restructuring over multiple …
Persistent link: https://www.econbiz.de/10009772935
reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. -- Acquisitions …Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory … more important when there is an increase in network effects. A consequence is higher innovation incentives under an …
Persistent link: https://www.econbiz.de/10008936956
reducing bidding competition, thereby also reducing acquisition prices and innovation incentives …Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory … more important when there is an increase in network effects. A consequence is higher innovation incentives under an …
Persistent link: https://www.econbiz.de/10014043699
under bidding competition. -- Acquisitions ; Entrepreneurship ; Innovation ; Start-ups ; Patent ; Ownership ; Quality … effects on the sales price. Moreover, preemptive acquisitions by incumbents are shown to stimulate the process of creative …
Persistent link: https://www.econbiz.de/10003843246
are shown to be solved by verification through entry for sale. -- acquisitions ; entrepreneurship ; innovation ; start …We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the …
Persistent link: https://www.econbiz.de/10009691699
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …
Persistent link: https://www.econbiz.de/10012826395
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …
Persistent link: https://www.econbiz.de/10013087725
are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …
Persistent link: https://www.econbiz.de/10012162423
This paper examines how entrepreneurs and incumbents differ in R&D strategies. We show that entrepreneurs have incentives to choose projects with higher risk and a higher potential in order to reduce expected commercialization costs. However, entrepreneurs may still select too safe projects from...
Persistent link: https://www.econbiz.de/10011549385