The Effect of Mergers on the Incentive to Invest in Cost Reducing Innovations

@inproceedings{Kleer2006TheEO,
  title={The Effect of Mergers on the Incentive to Invest in Cost Reducing Innovations},
  author={Robin Kleer},
  year={2006}
}
  • Robin Kleer
  • Published 2006
Both mergers and innovation are central elements of a firm’s competitive strategy. However, model-theoretical analyses of the merger-innovation link is sparse. The aim of this paper is to analyze the impact of mergers on innovative activities and product market competition in the context of incremental process innovations. Inefficiencies due to organizational problems of mergers are accounted for. We show that optimal investment strategies depend on the resulting market structure and differ… CONTINUE READING

From This Paper

Figures and tables from this paper.

References

Publications referenced by this paper.
Showing 1-10 of 10 references

The threat of organizational downsizing on the innovative propensity of R&D professionals, R&D Management, 29, pp

M. BOMMER, D. S. JALAJAS
Research Policy, • 1999
View 4 Excerpts
Highly Influenced

Effects of acquisitions on product and process innovation and R&D performance, CEPR Discussion Paper, No

E. CEFIS, S. ROSENKRANZ
WEITZEL • 2005

Market power versus efficiency effects of mergers and research joint ventures: Evidence from the semiconductor industry, NBER Working Paper, No. 10323 HAGEDOORN

K. GUGLER
SIEBERT • 2004

Profitable horizontal mergers without cost advantages: The role of internal organization, information and market structure, Economica, 71, pp

K. A. KONRAD, W. MÜLLER
JOST, P. J. and C. VAN DER VELDEN • 2004

Is innovation king at the antitrust agencies? The intellectual property guidelines five years later

R. GILBERT, W. K. Tom
American Economic Review, • 2001
View 1 Excerpt

Efficiency gains from mergers, Wissenschaftszentrum Berlin, Discussion Paper, FS IV 00-09 ROSENKRANZ, S

RÖLLER, L-H, J. STENNEK
VERBOVEN • 2000

Losses from horizontal merger: The effects of an exogenous change in industry structure on Cournot-Nash equilibrium

S. W. SALANT, S. SWITZER, J R.
REYNOLDS • 1983

Similar Papers

Loading similar papers…