The worldwide telecommunications equipment industry has experienced an enormous number of mergers and acquisitions (M&A). This article examines the innovation determinants of M&A activity and the consequences of M&A on technological potential and innovation performance. We extend the...

The main purpose of this Handbook is to provide overviews and assessments of the state-of-the-art regarding research methods, approaches and applications central to economic geography. The chapters are written by distinguished researchers from a variety of scholarly traditions and with a...

Innovative activity is a central element shaping both the competitiveness and the economic development of nations and regions. The capacity to innovate has been shown to serve as the driving engine of economic growth and job creation. Today start-up firms and SMEs are seen as one channel of...

This paper uses network approaches to subsidiary theory to investigate the performance impacts of interactions among the factors of autonomy, intra-organizational network relationships, and inter-organizational network relationships. The paper offers an analysis of both direct and indirect...

<i> Regional Productivity Differences: Theoretical Predictions and Empirical Evidence for Western Europe </i> (di Kurt Geppert*, Martin Gornig*, Andreas Stephan) - ABSTRACT: There has been a long tradition of empirical research on regional productivity, particularly with reference to the neoclassical...

Struggles over what a region receives, or should receive, from the budget of the central government are common to many countries. Discussions often focus on the measures of ‘net fiscal flows’ or ‘fiscal balances’ provided by the government or other actors. This unique...

We study the role of political institutions in the regional allocation of public infrastructure investments in France, Germany, Italy, and Spain. We estimate the regional variation in the allocation for each country, controlling for the potential endogeneity of its impact on growth and...

This paper explores the relationship between the self-declared risk aversion of private investors and their propensity to hold incomplete portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...

The assertion by authorities that such a restrictive approach to compliance will be deterrence-enhancing is flawed in a number of respects. Andreas Stephan (Univ. of East Anglia)