. We find that merger announcement return to the non-merging partner is positive. Its postmerger abnormal sales growth and … operating profitability are also positive. These effects are larger when the merger creates additional resource …

This paper addresses the key determinants of merger failure, in particular the role of innovation (post-merger … introduce a model of process innovation where merged firms exibit intra-merger spillover of knowledge under different market … section we test the model implications for merger failure for M&A data from the US biotechnology industry in the 90s. We find …

medicines, but also because the institutional details of pharmaceutical markets complicate the economic analysis of merger … effects. Standard anti-trust analysis of mergers, in pharmaceuticals as in other industries, focuses on the proposed merger …

, and decreasing production and R\&D efficiencies. In this study, we investigate merger impacts on innovation using a panel … innovation is based on citation-weighted patent stocks. In our estimation model, we control for endogeneity using instrumental … correlated with firms' innovation. Our findings also indicate that merger effect on innovation is heterogeneous across industries …

In any assessment of the R&D capabilities of Indian companies, their patent holdings would have to be examined. Here we … Australia being much smaller ones. However, the companies have unpredictable patterns of patent holdings across these four …