Acquisitions and their effect on start‑up innovation: Stifling or scaling?

Organisation for Economic Co-operation and Development2026-04-11 收录

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This paper highlights a critical issue in the innovation ecosystem ‒ whether acquisitions of start-ups by incumbent firms foster or stifle innovation. Using a unique firm-level dataset covering 60 countries for the period 2001-2021, the study finds that acquisition targets are highly innovative before the deal, and acquirors are generally...