Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 364255
Title Do Mergers of Potentially Dominant firms foster Innovation?
Author(s) Cefis, E.; Sabidussi, A.; Schenk, E.J.J.
Source Utrecht : Tjalling C. Koopmans Research Institute, Utrecht University (Discussion paper series 07-20)
Department(s) Business Management & Organisation
MGS
Publication type Scientific report
Publication year 2007
Keyword(s) economie - markteconomie - firma's - bedrijven - fusies - acquisitie - innovaties - bestedingen - nederland - economics - market economics - firms - businesses - mergers - acquisition - innovations - expenditure - netherlands
Categories Market Economy
Abstract We investigate the effects of M&A on innovation in the specific context of potential or realized market dominance. Authorities are challenged by balancing both detrimental and beneficial effects of mergers on innovation, especially when a merger threatens to result in market dominance, while firms would wish to uncover all the potential benefits arising from M&A. The effects of M&As on innovation have been tested on a panel dataset, constructed from the Dutch Community Innovation Survey and the Dutch Business Register, including around 1000 manufacturing companies. We have adopted a comprehensive approach, taking into consideration three dimensions of innovation: innovation inputs, innovation outputs and efficiency. The results show that M&As performed in the previous 3-5 years have a positive and significant effect on innovation except R&D expenses and innovation efficiencies. The results also suggest that technological regimes are critical to understanding the patterns of innovation.
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