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innovation-reducing RJVs also exist. Finally, we compare RJVs to innovation-enhancing mergers. …
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tend to be profitable, but innovationreducing RJVs also exist. Finally, we compare RJVs to innovation-enhancing mergers. …
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innovation-reducing RJVs also exist. Finally, we compare RJVs to innovation-enhancing mergers. …
Persistent link: https://www.econbiz.de/10013285527
(R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition … diversifying mergers produce both a smaller number of innovations and also less-novel innovations, where innovations are measured …
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This aim of this paper is twofold. First it examines the determinants of acquisitions and divestitures of Dutch firms in the period 1996-2004. Second, it investigates the impact of acquisitions and divestitures on the firm’s innovative output performance. An econometric model is specified and...
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effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers …
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