Empirical research on the relationship between innovation and firm level productivity offers conflicting results. We investigate the impact of innovation on labour productivity through the construction of a unique panel data-set that merges information on roughly 5,000 publicly traded U.S....

Improving shareholder value has often been cited as a merger determinant. Since mergers create larger firms and less competition, they may increase shareholder value through higher market share and stock-market value. We investigate merger impacts on firms' stock-market value and market share....