"According to the "compensation theory", market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The...

The combination of research and development units following a merger or an acquisition usually requires a broad and widespread integration project to ensure that a company’s innovative capabilities are carried forward into the future. Previous research has shown, however, that the combined...