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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 also discourage innovation by reducing competition, increasing costs …
Persistent link: https://www.econbiz.de/10012935892
We introduce knowledge spillovers in a model of innovation competition a la Federico et al. (2017) and Denicolo and … Polo (2018), which otherwise features horizontal mergers that harm innovation due to the business stealing effect. With … merger can improve the incentives for innovation. Horizontal mergers raise (reduce) innovation if the spillover effect is …
Persistent link: https://www.econbiz.de/10013404464
Firms can enhance product innovation performance by continuously staying in touch with customers and the market in … used in product innovation, the nature of market knowledge that is specifically important in the chemical industry remains … more relevant. This study uses a multiple case study of six product innovation projects in six different companies to …
Persistent link: https://www.econbiz.de/10014185107
This paper discusses the effects of horizontal mergers on innovation. We rely on the existing academic literature and … our own research work to present the various positive and negative effects of mergers on innovation. Our analysis shows … that the overall impact of a merger on innovation may be either positive or negative and sheds light on the circumstances …
Persistent link: https://www.econbiz.de/10012925801
We study the effects of antitrust policy in industries with continual innovation. A more protective antitrust policy … may have conflicting effects on innovation incentives, raising the profits of new entrants, but lowering those of … continuing incumbents. We show that the direction of the net effect can be determined by analyzing shifts in innovation benefit …
Persistent link: https://www.econbiz.de/10014061604
the Third Community Innovation Survey from Germany, we focus on the role of spillovers in explaining R&D cooperation. We …
Persistent link: https://www.econbiz.de/10014027945
demand and of the innovation function, and with the extent of spillover effects. In terms of consumer surplus standard, the …
Persistent link: https://www.econbiz.de/10011482905
In this paper we analyse the decision of firms in the Canadian manufacturing sector to co-operate on innovation … innovation activities, which influence the motives for innovation co-operation. Using data from the Canadian Survey of Innovation …
Persistent link: https://www.econbiz.de/10014051964
distributed globally. Firms' innovation activities which are carried out abroad comprise either the localization of uniform … paper is to show how internal firm capabilities as well as external forces from the firm’s business and national innovation … environment impact on the firm's decision to carry out different innovation activities abroad. The analysis is based on around …
Persistent link: https://www.econbiz.de/10014201135
This paper investigates the drivers and the effects of the internationalisation of innovation activities in SMEs based … on a large data set of German firms covering the period 2002-2007. We look at different stages of the innovation process … resources, home market competition and innovationrelated location advantages for an SME's decision to engage in innovation …
Persistent link: https://www.econbiz.de/10014216008