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Technological change is often hypothesized as one of the main drivers of merger activities. This paper analyzes the role of technology in mergers and acquisitions (M&As) at the firm level. Based on a newly created data set that combines financial information and patent data for public limited...
Persistent link: https://www.econbiz.de/10010295834
In the context of increasing globalization of markets, merger and acquisition activities in the 1990s are said to be driven by reorganization processes with respect to concentration on firms? core competencies in order to increase or maintain market power in international markets. This paper...
Persistent link: https://www.econbiz.de/10010297448
Inventors often experience a low productivity after their company has been subject to a merger or acquisition (M&As). It is of central managerial interest to identify factors facilitating the integration of new inventive staff and thereby counteracting innovation declines after M&As. This paper...
Persistent link: https://www.econbiz.de/10010302591
eine geringe Produktivität der bei der Fusion übernommen Erfinder in den unmittelbaren Folgejahren. Aus diesem Grund ist es …, die Produktivität der akquirierten Erfinder in den Jahren unmittelbar nach der Fusion zu erhöhen. Absorptionsfähigkeit … nach einer Fusion den Arbeitgeber wechseln können, zeigen, dass die Produktivität der übernommenen Erfinder, gemessen in …
Persistent link: https://www.econbiz.de/10008660550
This paper uses a rich panel data set of Indian manufacturing firms to analyze the effects of domestic and international acquisitions on various outcomes at target firm and product level. We apply recent methodological advances in the estimation of production functions together with information...
Persistent link: https://www.econbiz.de/10011548253
Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups across a wide range of industries using detailed...
Persistent link: https://www.econbiz.de/10011578753
In dieser Studie werden die Anreize für Innovationsaktivitäten von Firmen mit beschränkter und unbeschränkter Haftung untersucht. Innovationen sind mit einem gewissen Risiko behaftet. Firmeneigner können ihr persönliches Risiko jedoch begrenzen, wenn das Unternehmen eine Rechstform mit...
Persistent link: https://www.econbiz.de/10010297701
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10010297732
The literature on skill-biased technological change concentrates on highly skilled and unskilled employees. It is unclear, however, if the employment opportunities of the majority of the labour force in Germany-employees with a degree from the dual apprenticeship system-increase or not. In...
Persistent link: https://www.econbiz.de/10010297747
This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...
Persistent link: https://www.econbiz.de/10010297773