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 …

According to the research-based view of the firm, innovation is a key capability that can foster a sustainable … innovation on export performance in the context of low levels of innovation, which developing markets are characterized by. Since … exports are considered the first market entry mode, it is critical to understand the effect of innovation on exports. In this …

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 …

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 …

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 …

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

This paper studies the interactions between corporate law and VC exits by acquisitions, an increasingly common source …

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 …

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 …