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Do strategic alliances, acquisitions, and R&D investments act as complements or substitutes?

Martynov, Aleksey - In: Foundations of Management 8 (2016) 1, pp. 7-20

effects between alliances and acquisitions and between alliances and internal R&D investments. Firms with high absorptive …This paper studies possible complementarities and substitution effects between such strategic choices as alliances …, acquisitions and internal R&D investments. The findings indicate that a firm's absorptive capacity affects the presence of …

Persistent link: https://www.econbiz.de/10011923119

Killers on the Road of Emerging Start-ups – Implications for Market Entry and Venture Capital Financing

Koski, Heli; Kässi, Otto; Braesemann, Fabian - 2020

This paper empirically studies the effect of acquisitions made by the large US-based technology companies on the entry … venture capital funding in the target product markets of tech giants' acquisitions. In other words, the acquisitions of … tech-nology giants' acquisitions of platform companies have decreased market entry in non-platform markets. In the US …

Persistent link: https://www.econbiz.de/10012603402

Verifying high quality: Entry for sale

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2017

When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for own entry. Inventors who sell post-entry use entry to credibly reveal...

Persistent link: https://www.econbiz.de/10011917062

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - 2006

We show that, in the case when innovations are for sale, increased product market competition, captured by reduced product market profits, can increase the incentives for innovations. The reason is that the incentive to innovate depends on the acquisition price which, in turn, might increase...

Persistent link: https://www.econbiz.de/10010320042

Lufthansa: A century of international growth

Schmid, Stefan; Xia, Zhengtian - 2024

engaging in joint ventures, as well as its acquisitions and minority stakes in airlines such as Air Dolomiti, Swiss …

Persistent link: https://www.econbiz.de/10015046545

Employment effects of acquisitions: Evidence from acquired European firms

Oberhofer, Harald - 2010

This paper examines the employment effects of acquisitions for acquired European firms taking non-random selection of … types of acquisitions. Empirically, we estimate an endogenous treatment model using accounting data for a newly created … acquisitions. …

Persistent link: https://www.econbiz.de/10010293354

The impact of horizontal mergers on rivals: Gains to being left outside a merger

Clougherty, Joseph; Duso, Tomaso - 2008

It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert-identification of relevant rivals and the event-study...

Persistent link: https://www.econbiz.de/10010333740

Hidden champions: a review of the literature & future research avenues

Schenkenhofer, Julian - In: Management Review Quarterly 72 (2022) 2, pp. 417-482

Substantial efforts have contributed to overcome the scarcity of research on hidden champions. Nevertheless, literature has yet missed to compile a comprehensive review. Drawing on the insights of 112 publications, four strands of literature could be distinguished to unravel the essence of...

Persistent link: https://www.econbiz.de/10015191386

Hospital market concentration and discrimination of patients

Dewenter, Ralf; Jaschinski, Thomas; Kuchinke, Björn A. - 2012

In this paper we investigate the existence of a two-tier medical system in the German acute care hospital sector using data from a survey of 483 German hospitals. The focus of our analysis lies on the impact of hospital concentration on the probability of discrimination of patients with...

Persistent link: https://www.econbiz.de/10010309798

Power Inside the Firm and the Market: A General Equilibrium Approach

Marin, Dalia; Verdier, Thierry - 2006

Recent years have witnessed an enormous amount of reorganization of the corporate sector in the US and in Europe. This paper examines the role of market competition for this trend in corporate reorganization. We find that at intermediate levels of competition the CEO of the corporation decides...

Persistent link: https://www.econbiz.de/10010333898