Becoming an acquirer and becoming acquired

Technological Forecasting and Social Change

Volumn 71, Issue 6, 2004, Pages 635-650

  Lehto, Eero Lauri Oskari ^a   Lehtoranta, Markku Olavi ^b  

^a LABOUR INSTITUTE FOR ECONOMIC RESEARCH   (Finland)

^b Statistics Finland   (Finland)

Author keywords

Logit; M A; Negative binomial; R D

Indexed keywords

COST EFFECTIVENESS; INVENTORY CONTROL; KNOWLEDGE ACQUISITION; PROBABILITY; PROCESSING; ROBUSTNESS (CONTROL SYSTEMS);

ACQUIRER; FIRMS; INCIDENCE; UNIT COSTS;

MERGERS AND ACQUISITIONS;

CORPORATE STRATEGY; MERGER; RESEARCH AND DEVELOPMENT; SCIENCE AND TECHNOLOGY;

EURASIA; EUROPE; FINLAND; NORTHERN EUROPE; SCANDINAVIA;

EID: 2442466756     PISSN: 00401625     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0040-1625(03)00086-6     Document Type: Article

References (18)

1. Malerba F. Orsenigo L. Technological regimes and sectoral patterns of innovative activities Ind. Corp. Change 6 1997 83-117
2. Teece D. Profiting from technological innovation: Implications for integration, collaborating, licensing and public policy Res. Policy 15 1986 285-305
3. Tirole J. The Theory of Industrial Organization 1989 MIT Press Cambridge, MA
4. J. Gans, D. Hsu, S. Stern, When does start-up innovation spur the gale of creative destruction? NBER Working Papers 7851, 2000.
5. E. Lehto, Bidding inventions as an incentive scheme and ownership structure, Working Papers 175, Labor Institute for Economic Research, Helsinki, 2002.
6. Choi J. Technology transfer with moral hazard Int. J. Ind. Organ. 19 2001 249-266
7. Aghion P. Tirole J. The management of innovation Q. J. Econ. Res. 109 1994 1185-1210
8. Gallini N. Winter R. Licensing in the theory of innovation Rand J. Econ. 16 1985 237-252
9. Katz M. Shapiro C. On the licensing of innovations Rand J. Econ. 16 1985 504-520
10. Blonigen B.A. Taylor C.T. R-D intensity and acquisitions in high-technology industries: Evidence from the US electronic and electrical equipment industries J. Ind. Econ. XLVIII 2000 47-70
11. Cohen W. Levinthal D. Innovation and learning: two faces of R-D Econ. J. 99 1989 569-596
12. Hall B.H. The effect of takeover activity on corporate research and development Auerbach A.J. Corporate Takeovers: Causes and Consequences 1987 69-96 University of Chicago Press for NBER Chicago
13. Tremblay V.J. Tremblay C.H. The determinants of horizontal acquisitions: Evidence from the U.S. brewing industry J. Ind. Econ. 37 1988 21-45
14. Jensen M.C. Takeovers: Their causes and consequences J. Econ. Perspect. 2 1988 21-48
15. E. Lehto, O. Lehtoranta, Becoming an acquirer and becoming acquired, Working Papers 177, Labour Institute for Economic Research, Helsinki, 2002.
16. Pisano G. The R-D boundaries of the firm: An empirical analysis Adm. Sci. Q. 35 1990 153-176
17. Hausman J. Hall B.H. Griliches Z. Econometric models for count data with an application to the patents-R-D relationship Econometrica 52 1984 909-938
18. Woolridge J.M. Multiplicative panel data models without the strict exogeneity assumption Econ. Theory 13 1997 667-678