individuals, we find evidence that high-quality inventions are sold under preemptive bidding competition, post entry. …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm …We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … stricter, but not too strict, merger and cartel policies tend to increase the incentive for innovations for sale by ensuring …

This article tests the hypothesis that entrepreneurs' confidence in innovation has a positive effect on their … Global Entrepreneurship Monitor, GEM. An organizational innovation confidence index is constructed from three questions … their daily work, and use new products and services that will improve their working life. Innovation is measured by two …

classes across all sectors and all EU Member States, we identify different innovation profiles based on a firm's R …&D investment and/or innovation activities. We find that "basic" firms - i.e. firms that do not engage in any type of R&D or … innovation - are more common among young SMEs, while innovators - i.e. firms that do R&D and introduce new products, processes or …

effects of cross-border mergers and acquisitions on innovation activities in target firms. The empirical analysis is based on … share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation … selection bias, it is found that foreign takeovers have a large negative impact on the propensity to perform innovation …

This paper discusses the relationship between a company's investment in innovation and its success in introducing new … homogenous R&D-based knowledge production function by introducing different types of innovation investments (R&D and technology … acquisition) for different sets of companies.Using the Community Innovation Survey (CIS) dataset comprising more than 3000 Italian …

We analyze the effect of a firm's innovation activities on its likelihood to be acquired and the takeover premium using … a large sample of M&A transactions. We show that firms with larger innovation outputs and R&D investments are more … likely to be acquired, receive unsolicited bids, and receive multiple bids. The takeover premium increases with the target …

exhibit superior quality innovation when they have both intensive R&D investment and strong external governance. These …