R&D and the Incentives from Merger and Acquisition Activity
收藏NBER2012-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18346
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资源简介：
We provide a model and empirical tests showing how an active acquisition market affects firm incentives to innovate and conduct R&D. Our model shows that small firms optimally may decide to innovate more when they can sell out to larger firms. Large firms may find it disadvantageous to engage in an
提供机构：
美国国家经济研究局
创建时间：
2012-08-01
