Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24635
Authors: 
Schulz, Norbert
Year of Publication: 
2007
Series/Report no.: 
ZEW Discussion Papers 07-061
Abstract: 
Both M&A and innovation are instruments for growth and competitive advantage. Therefore they are fundamental to each firm?s competitive strategy. Usually, both instruments have been studied separately, but much less in conjunction. This is unfortunate as both processes - the process of innovation and the process of mergers and acquisitions - are intimately connected. The impact of mergers on innovation can only be rigorously assessed, if the converse direction of influence - mergers caused by innovation - is accounted for. Therefore this review tries to take a balanced view on both processes and to point out links between them. Nevertheless, the focus is on the impact of mergers on innovation. This discussion paper is identical with an older version with the title ?Review on the Literature of Mergers on Innovation?.
Subjects: 
innovation incentives
market structure
merger incentives
JEL: 
O31
L25
L10
Document Type: 
Working Paper

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