Specialized Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents
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https://www.nber.org/papers/w29174
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资源简介：
Inducing firms to make specialized investments through bilateral contracts can be challenging because of potential hold- up problems. Such contracting difficulties have long been argued to be an important reason for acquisitions. To evaluate the extent to which this motivation leads to mergers, we
提供机构：
美国国家经济研究局
创建时间：
2021-08-01
