The study investigates the role of minority equity purchases on the innovation activities of the US firms. We provide evidence of an increased innovation activity following minority equity purchases targeting firms with a small size patent portfolio prior to acquisition. Using a hand collected...

We analyze how resource constraints and market structure interact in network industries to impact innovation. This issue has arisen recently in the United States where AT&T proposed to acquire T-Mobile's U.S. assets at least in part to obtain T-Mobile's radio spectrum, which AT&T says it needs...