메뉴 건너뛰기




Volumn 69, Issue 5, 2014, Pages 1923-1960

Corporate Innovations and Mergers and Acquisitions

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84927521661     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/jofi.12059     Document Type: Article
Times cited : (562)

References (46)
  • 1
    • 0000367928 scopus 로고
    • A model of growth through creative destruction
    • Aghion, Philippe, and Peter Howitt, 1992, A model of growth through creative destruction, Econometrica 60, 323-351.
    • (1992) Econometrica , vol.60 , pp. 323-351
    • Aghion, P.1    Howitt, P.2
  • 2
    • 84897586234 scopus 로고    scopus 로고
    • The importance of industry links in merger waves
    • Ahern, Kenneth, and Jarrad Harford, 2014, The importance of industry links in merger waves, Journal of Finance 69, 527-576.
    • (2014) Journal of Finance , vol.69 , pp. 527-576
    • Ahern, K.1    Harford, J.2
  • 3
    • 0000614726 scopus 로고    scopus 로고
    • Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study
    • Ahuja, Gautam, and Riitta Katila, 2001, Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study, Strategic Management Journal 22, 197-220.
    • (2001) Strategic Management Journal , vol.22 , pp. 197-220
    • Ahuja, G.1    Katila, R.2
  • 5
    • 84924575501 scopus 로고    scopus 로고
    • Does going public affect innovation?
    • forthcoming
    • Bernstein, Shai, 2014, Does going public affect innovation? Journal of Finance, forthcoming.
    • (2014) Journal of Finance
    • Bernstein, S.1
  • 7
    • 0000662266 scopus 로고
    • Innovation and communication: Signaling with partial disclosure
    • Bhattacharya, Sudipto, and Jay R. Ritter, 1983, Innovation and communication: Signaling with partial disclosure, Review of Economic Studies 50, 331-346.
    • (1983) Review of Economic Studies , vol.50 , pp. 331-346
    • Bhattacharya, S.1    Ritter, J.R.2
  • 8
    • 84880931654 scopus 로고    scopus 로고
    • Identifying technology spillovers and product market rivalry
    • Bloom, Nicholas, Mark Schankerman, and John Van Reenen, 2013, Identifying technology spillovers and product market rivalry, Econometrica 81, 1347-1393.
    • (2013) Econometrica , vol.81 , pp. 1347-1393
    • Bloom, N.1    Schankerman, M.2    Reenen, J.V.3
  • 9
    • 0036225387 scopus 로고    scopus 로고
    • Patents, real options and firm performance
    • Bloom, Nicholas, and John Van Reenen, 2002, Patents, real options and firm performance, Economic Journal 112, 97-116.
    • (2002) Economic Journal , vol.112 , pp. 97-116
    • Bloom, N.1    Reenen, J.V.2
  • 10
    • 79961079632 scopus 로고    scopus 로고
    • Cassiman, Bruno, and Massimo G. Colombo, eds., Edward Elgar Publishing, Northampton, MA
    • Cassiman, Bruno, and Massimo G. Colombo, eds.: 2006, Mergers and Acquisitions: The Innovation Impact (Edward Elgar Publishing, Northampton, MA).
    • (2006) Mergers and Acquisitions: The Innovation Impact
  • 11
    • 33644541420 scopus 로고    scopus 로고
    • In search of complementarity in innovation strategy: Internal R&D and external knowledge acquisition
    • Cassiman, Bruno, and Reinhilde Veugelers, 2006, In search of complementarity in innovation strategy: Internal R&D and external knowledge acquisition, Management Science 52, 68-82.
    • (2006) Management Science , vol.52 , pp. 68-82
    • Cassiman, B.1    Veugelers, R.2
  • 12
    • 77957166379 scopus 로고    scopus 로고
    • Who blows the whistle on corporate fraud?
    • Dyck, Alexander, Adair Morse, and Luigi Zingales, 2010, Who blows the whistle on corporate fraud? Journal of Finance 65, 2213-2253.
    • (2010) Journal of Finance , vol.65 , pp. 2213-2253
    • Dyck, A.1    Morse, A.2    Zingales, L.3
  • 14
    • 33644884995 scopus 로고    scopus 로고
    • On the patterns and wealth effects of vertical mergers
    • Fan, Joseph P.H., and Vidhan K. Goyal, 2006, On the patterns and wealth effects of vertical mergers, Journal of Business 79, 877-902.
    • (2006) Journal of Business , vol.79 , pp. 877-902
    • Fan, J.P.1    Goyal, V.K.2
  • 15
    • 84891468824 scopus 로고    scopus 로고
    • Incentives to innovate and the decision to go public or private
    • Ferreira, Daniel, Gustavo Manso, and André Silva, 2014, Incentives to innovate and the decision to go public or private, Review of Financial Studies 27, 256-300.
    • (2014) Review of Financial Studies , vol.27 , pp. 256-300
    • Ferreira, D.1    Manso, G.2    Silva, A.3
  • 16
    • 15344343445 scopus 로고    scopus 로고
    • Shareholder investment horizons and the market for corporate control
    • Gaspar, José-Miguel, Massimo Massa, and Pedro Matos, 2005, Shareholder investment horizons and the market for corporate control, Journal of Financial Economics 76, 135-165.
    • (2005) Journal of Financial Economics , vol.76 , pp. 135-165
    • Gaspar, J.-M.1    Massa, M.2    Matos, P.3
  • 17
    • 45949083294 scopus 로고    scopus 로고
    • The financing of innovation
    • in S. Shane, ed.: (Wiley-Blackwell, Oxford, UK).
    • Hall, Bronwyn, 2009, The financing of innovation, in S. Shane, ed.: The Handbook of Technology and Innovation Management (Wiley-Blackwell, Oxford, UK).
    • (2009) The Handbook of Technology and Innovation Management
    • Hall, B.1
  • 19
    • 78149499609 scopus 로고    scopus 로고
    • Institutional cross-holdings and their effect on acquisition decisions
    • Harford, Jarrad, Dirk Jenter, and Kai Li, 2011, Institutional cross-holdings and their effect on acquisition decisions, Journal of Financial Economics 99, 27-39.
    • (2011) Journal of Financial Economics , vol.99 , pp. 27-39
    • Harford, J.1    Jenter, D.2    Li, K.3
  • 21
    • 0030093218 scopus 로고    scopus 로고
    • Scale, scope, and spillovers: The determinants of research productivity in drug discovery
    • Henderson, Rebecca, and Iain Cockburn, 1996, Scale, scope, and spillovers: The determinants of research productivity in drug discovery, Rand Journal of Economics 27, 32-59.
    • (1996) Rand Journal of Economics , vol.27 , pp. 32-59
    • Henderson, R.1    Cockburn, I.2
  • 22
    • 33645996683 scopus 로고    scopus 로고
    • The outsourcing of R&D through acquisitions in the pharmaceutical industry
    • Higgins, Matthew J., and Daniel Rodriguez, 2006, The outsourcing of R&D through acquisitions in the pharmaceutical industry, Journal of Financial Economics 80, 351-383.
    • (2006) Journal of Financial Economics , vol.80 , pp. 351-383
    • Higgins, M.J.1    Rodriguez, D.2
  • 23
    • 77956897991 scopus 로고    scopus 로고
    • Product market synergies and competition in mergers and acquisitions: A text-based analysis
    • Hoberg, Gerard, and Gordon Phillips, 2010, Product market synergies and competition in mergers and acquisitions: A text-based analysis, Review of Financial Studies 23, 3773-3811.
    • (2010) Review of Financial Studies , vol.23 , pp. 3773-3811
    • Hoberg, G.1    Phillips, G.2
  • 25
    • 0002286405 scopus 로고
    • Technological opportunity and spillovers of R&D: Evidence from firms' patents, profits, and market value
    • Jaffe, Adam B., 1986, Technological opportunity and spillovers of R&D: Evidence from firms' patents, profits, and market value, American Economic Review 76, 984-1001.
    • (1986) American Economic Review , vol.76 , pp. 984-1001
    • Jaffe, A.B.1
  • 26
    • 4243994344 scopus 로고    scopus 로고
    • Kaplan, Steven N., ed., University of Chicago Press, Chicago, IL
    • Kaplan, Steven N., ed.: 2000, Mergers and Productivity (University of Chicago Press, Chicago, IL).
    • (2000) Mergers and Productivity
  • 27
    • 70349488014 scopus 로고    scopus 로고
    • Business networks, corporate governance, and contracting in the mutual fund industry
    • Kuhnen, Camelia M., 2009, Business networks, corporate governance, and contracting in the mutual fund industry, Journal of Finance 64, 2185-2220.
    • (2009) Journal of Finance , vol.64 , pp. 2185-2220
    • Kuhnen, C.M.1
  • 28
    • 84882477852 scopus 로고    scopus 로고
    • Self-selection models in corporate finance
    • in B. E. Eckbo, ed.: (Elsevier, North-Holland, Amsterdam, the Netherlands).
    • Li, Kai, and N. R. Prabhala, 2007, Self-selection models in corporate finance, in B. E. Eckbo, ed.: Handbook of Corporate Finance: Empirical Corporate Finance (Elsevier, North-Holland, Amsterdam, the Netherlands).
    • (2007) Handbook of Corporate Finance: Empirical Corporate Finance
    • Li, K.1    Prabhala, N.R.2
  • 29
    • 0040925664 scopus 로고    scopus 로고
    • The market for corporate assets: Who engages in mergers and asset sales and are there efficiency gains?
    • Maksimovic, Vojislav, and Gordon Phillips, 2001, The market for corporate assets: Who engages in mergers and asset sales and are there efficiency gains? Journal of Finance 56, 2019-2065.
    • (2001) Journal of Finance , vol.56 , pp. 2019-2065
    • Maksimovic, V.1    Phillips, G.2
  • 32
    • 0035629158 scopus 로고    scopus 로고
    • Technological innovation and initial public offerings
    • Maksimovic, Vojislav, and Pegaret Pichler, 2001, Technological innovation and initial public offerings, Review of Financial Studies 14, 459-494.
    • (2001) Review of Financial Studies , vol.14 , pp. 459-494
    • Maksimovic, V.1    Pichler, P.2
  • 33
    • 0002297105 scopus 로고
    • Conditional logit analysis of qualitative choice behavior
    • in P. Zarembka, ed.: (Academic Press, New York, NY).
    • McFadden, Daniel, 1974, Conditional logit analysis of qualitative choice behavior, in P. Zarembka, ed.: Frontiers of Econometrics (Academic Press, New York, NY).
    • (1974) Frontiers of Econometrics
    • McFadden, D.1
  • 34
    • 0030160301 scopus 로고    scopus 로고
    • The impact of industry shocks on takeover and restructuring activity
    • Mitchell, Mark L., and J. Harold Mulherin, 1996, The impact of industry shocks on takeover and restructuring activity, Journal of Financial Economics 41, 193-229.
    • (1996) Journal of Financial Economics , vol.41 , pp. 193-229
    • Mitchell, M.L.1    Mulherin, J.H.2
  • 36
    • 53349175144 scopus 로고    scopus 로고
    • Does innovation cause stock market runups? Evidence from the Great Crash
    • Nicholas, Tom, 2008, Does innovation cause stock market runups? Evidence from the Great Crash, American Economic Review 98, 1370-1396.
    • (2008) American Economic Review , vol.98 , pp. 1370-1396
    • Nicholas, T.1
  • 37
    • 74949129238 scopus 로고    scopus 로고
    • Technological revolutions and stock prices
    • Pástor, Ľuboš, and Pietro Veronesi, 2009, Technological revolutions and stock prices, American Economic Review 99, 1451-1483.
    • (2009) American Economic Review , vol.99 , pp. 1451-1483
    • Pástor, L.1    Veronesi, P.2
  • 38
    • 84871228815 scopus 로고    scopus 로고
    • R&D and the incentives from merger and acquisition activity
    • Phillips, Gordon, and Alexei Zhdanov, 2013, R&D and the incentives from merger and acquisition activity, Review of Financial Studies 26, 34-78.
    • (2013) Review of Financial Studies , vol.26 , pp. 34-78
    • Phillips, G.1    Zhdanov, A.2
  • 39
    • 43649085253 scopus 로고    scopus 로고
    • The market for mergers and the boundaries of the firm
    • Rhodes-Kropf, Matthew, and David T. Robinson, 2008, The market for mergers and the boundaries of the firm, Journal of Finance 63, 1170-1211.
    • (2008) Journal of Finance , vol.63 , pp. 1170-1211
    • Rhodes-Kropf, M.1    Robinson, D.T.2
  • 40
  • 41
    • 81055123166 scopus 로고    scopus 로고
    • Endogeneity in empirical corporate finance
    • G. Constantinides, R. Stulz, and M. Harris, eds, (Elsevier, Amsterdam, the Netherlands)
    • Roberts, Michael R., and Toni M. Whited, 2011, Endogeneity in empirical corporate finance, in G. Constantinides, R. Stulz, and M. Harris, eds.: Handbook of the Economics of Finance (Elsevier, Amsterdam, the Netherlands).
    • (2011) Handbook of the Economics of Finance
    • Roberts, M.R.1    Whited, T.M.2
  • 42
    • 84891663798 scopus 로고    scopus 로고
    • Firm boundaries matter: Evidence from conglomerates and R&D activity
    • Seru, Amit, 2014, Firm boundaries matter: Evidence from conglomerates and R&D activity, Journal of Financial Economics 111, 381-405.
    • (2014) Journal of Financial Economics , vol.111 , pp. 381-405
    • Seru, A.1
  • 43
    • 84915803967 scopus 로고    scopus 로고
    • Acquiring innovation
    • Working paper, Indiana University.
    • Sevilir, Merih, and Xuan Tian, 2012, Acquiring innovation, Working paper, Indiana University.
    • (2012)
    • Sevilir, M.1    Tian, X.2
  • 45
    • 0000603857 scopus 로고
    • Cost reduction, competition and industry performance
    • Spence, Michael, 1984, Cost reduction, competition and industry performance, Econometrica 52, 101-121.
    • (1984) Econometrica , vol.52 , pp. 101-121
    • Spence, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.