1,721,003 research outputs found

    Corporate Branding Strategies in Mergers and Acquisitions

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    This article analyzes the structural antecedents of the corporate name strategy in approximately 300 large mergers and acquisitions completed between 2001 and 2006. Six propositions are formulated drawing on previous empirical work. We define brand strategies as conservative when the new entity adopts the acquirer's or the target's corporate name. In turn, brand strategies are innovative in the case of a mixed or new name. Probit regressions show that divisional acquisitions, vertical integrations, diversifications and the sectors involved do not affect the probability of the strategy being innovative. On the other hand, innovative brand strategies are more probable in the case of mergers (as opposed to acquisitions), horizontal M&As and financial investments

    L'impatto del supporto pubblico sulla spesa in R&S: l'influenza della cooperazione e dell'appropriabilità dei risultati

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    This paper provides an empirical framework to explore how public funding affects firms' R&D investments depending on their engagement in horizontal R&D cooperation and on different levels of appropriability conditions within the economy. The sample includes Spanish and Italian firms participating at the 3rd and 4th Third Community Innovation Survey. The results confirm that the impact of public funding on R&D investments depends on the firms' cooperative behavior and the appropriability conditions, although the influence is not homogeneous. In addition, the empirical findings highlight some important tradeoffs between those policies that support innovation activities

    The Impact of Public Funding for Innovation on Firms' R&D Investments: Do R&D Cooperation and Appropriability Matter?

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    This paper provides a theoretical and empirical framework to explore how public funding affects firms' R&D investments depending on their engagement in horizontal R&D cooperations and different levels of ap- propriability conditions within the economy. It assumes firms' Cournot-Nash behavior in the choice of the optimal R&D investment level and provides empirical evidence in support of the theoretical ̄ndings using data on Spain and Germany from the Third Community Innovation Survey. Theoretical and empirical re- sults suggest that firms' cooperative behaviour and the appropriability conditions affect the relationship between public funding for innova- tion and R&D investmen

    The role of firm and national level factors in fostering R&D cooperation: a cross country comparison

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    This paper explores the factors that affect firms’ propensity to engage in R&D cooperation using a CIS-3 sample of innovative firms located in seven European countries. It performs the analysis separately for the manufacturing and the service sectors in order to examine whether there are specific features that shape the service firms’ R&D cooperative behaviour in particular ways. Differences between the manufacturing and the service sectors in the cooperative behaviour of firms become much more evident once an appropriate structure of endogeneity is determined. We compare different countries because, so far, the empirical evidence produced comes from single countries or countries that are all quite homogeneous in terms of industrial structure. Instead, we consider also countries, such as transition economies, that have not been analyzed so far. We find that public subsidies positively affect firms’ propensity to engage in R&D cooperation in all countries, but they seem particularly important to enhance firms’ cooperativeness in the service sector. Implications for innovation policy are examined
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