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M&A and Innovation a major means of today's competitive strategy development, this paper examines the innovation … determinants of M&A activity and the consequences of M&A transactions on the technological potential and the innovation performance … firm-level data on M&A and innovation activity as well as financial characteristics. By implementing a counterfactual …
Persistent link: https://www.econbiz.de/10003634700
M&A and Innovation a major means of today's competitive strategy development, this paper examines the innovation … determinants of M&A activity and the consequences of M&A transactions on the technological potential and the innovation performance … firm-level data on M&A and innovation activity as well as financial characteristics. By implementing a counterfactual …
Persistent link: https://www.econbiz.de/10010263699
examines the innovation determinants of M&A activity and the consequences of M&A transactions on the technological potential … and the innovation performance. We examine the telecommunications equipment industry over the period 1988-2002 using a … newly constructed data set with firm-level data describing M&A and innovation activity as well as financial characteristics …
Persistent link: https://www.econbiz.de/10010264970
We study the effect of market structure on a personal computer manufacturer's decision to adopt new technology. This industry is unusual because there exist two horizontally segmented retail markets with different degrees of competition: the IBM-compatible (or PC) platform and the Apple...
Persistent link: https://www.econbiz.de/10010287060
“Software platforms are the invisible engines that have created, touched, or transformed nearly every major industry for the past quarter century. They power everything from mobile phones and automobile navigation systems to search engines and web portals. They have been the source of enormous...
Persistent link: https://www.econbiz.de/10012996908
Within the policy debate, there is a fear that large incumbent firms buy small firms' inventions to ensure that they are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process invention is small; otherwise, the entry profit will be...
Persistent link: https://www.econbiz.de/10012162423
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … are shown to be solved by verification through entry for sale. -- acquisitions ; entrepreneurship ; innovation ; start …
Persistent link: https://www.econbiz.de/10009691699
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …
Persistent link: https://www.econbiz.de/10013087725
This is an ex-post evaluation of how innovation changed following mergers and subsequent policy interventions, using an …, in 2011/12. Unlike most previous empirical papers in the merger-innovation literature, it drills down to the firm level … to explore heterogeneity in the innovation response to the merger. It adopts a holistic view of innovation, employing …
Persistent link: https://www.econbiz.de/10012852157