Mergers in Innovation Competition: A Contest Framework with Knowledge Spillovers: 4 - Brossura

Van Der Velden, Claus

 
9783824481705: Mergers in Innovation Competition: A Contest Framework with Knowledge Spillovers: 4

Sinossi

Claus van der Velden analyses various strategic aspects of mergers by applying microeconomic models of patent contests. He draws attention to the effects of mergers on the willingness to invest in R&D and on innovation profitability and shows that the organization of the R&D activities after a merger has a significant impact on the transaction's profitability. The study also considers the consequences of knowledge spillovers in innovation processes for R&D costs and thus for a merger's outcome.

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Informazioni sull?autore

Dr. Claus van der Velden promovierte bei Prof. Dr. Peter-J. Jost am Lehrstuhl für Organisationstheorie der Wissenschaftlichen Hochschule für Unternehmensführung (WHU) in Vallendar. Er ist Senior Consultant bei Simon-Kucher & Partners in Bonn.

Dalla quarta di copertina

In many industries innovations play a crucial role for business success and competing firms spend large amounts of money on the development of new products. The dramatic concentration process which occurred in many industries in the last decade did not only affect the competition in product markets but also had an impact on innovation strategies.

Claus van der Velden analyses various strategic aspects of mergers by applying microeconomic models of patent contests. He draws attention to a specific but nonetheless important aspect of many real world mergers, namely the effects of mergers on the willingness to invest in R&D and on innovation profitability. He shows that the organization of the R&D activities after a merger has a significant impact on the transaction's profitability. The study also considers the consequences of knowledge spillovers in innovation processes for R&D costs and thus for a merger's outcome.

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