Showing 1 - 10 of 5,814
We examine the valuation of synergies and control in mergers and acquisitions (M&A) in Central and Eastern European … from the Thomson Reuters database. Worldwide the market of mergers and acquisitions (M&A) is increasing, reaching in 2016 a …
Persistent link: https://www.econbiz.de/10011820232
number of citations to patents. Thus managers who are protected from takeover market perform worse on innovation. However … innovation. Empirical results indicate that an increase in antitakeover provisions is negatively related to number of patents and …, the negative relation between antitakeover provisions and firm innovation holds only for low-tech firms. For high …
Persistent link: https://www.econbiz.de/10013060331
regime where widely-held public companies dominate. In the discourse, little has been said about the contribution of merger … British experience suggests that mergers matter with respect to the evolution of systems of ownership and control and that the … manner in which anti-competitive behaviour is regulated influences the extent to which transformative merger activity takes …
Persistent link: https://www.econbiz.de/10014069991
We use hand-collected board data around the issuance of two distinct government-led board structure mandates in the U.K. to establish the effect of outside directors on acquirer performance. Increases in outside director representation are associated with better acquirer returns in deals...
Persistent link: https://www.econbiz.de/10011646285
exhibit superior quality innovation when they have both intensive R&D investment and strong external governance. These …
Persistent link: https://www.econbiz.de/10012935021
This paper studies the interactions between corporate law and VC exits by acquisitions, an increasingly common source …
Persistent link: https://www.econbiz.de/10013279443
results show that more active hostile takeover markets stifle managerial efforts in corporate innovation. The findings suggest …Although the role of managers is crucial in shaping firm innovation, it also poses a dilemma. Because innovation is a … complicated and long-term process that requires effort and attention, managers may reduce effort in innovation when faced with …
Persistent link: https://www.econbiz.de/10013396009
This study examines the impact of staggered boards, poison pills, and unequal voting rights on corporate innovation … provisions discourage innovation. We find that the effect of staggered boards on R&D investment is more pronounced in old firms …
Persistent link: https://www.econbiz.de/10013249988
Previous studies on the effect of corporate governance on firm innovation shows mixed outcomes, while some reveal … innovation with special interest in indigenous oil firms in Nigeria, a Sub-Saharan country. The study adopted a cross sectional …, board commitment and board involvement have positive and statistically significant effects on firm innovation measures of …
Persistent link: https://www.econbiz.de/10014443589
The study empirically examined the effect of service system innovation on firm competitiveness in Nigeria, an emerging … system on service system innovation-firm competitiveness nexus was observed. Data were collected using a survey instrument … partial least square-structural equation model (PLS-SEM). Analyses revealed that service system innovation as represented by …
Persistent link: https://www.econbiz.de/10014504724