| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5262 |
| DP5262 Foreign Direct Investment and Exports Dynamics with Demand Learning | |
| Nikolaos Vettas; Rossitsa Kotseva | |
| 发表日期 | 2005-10-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Using a game theoretical model on firms' simultaneous investments in product and process innovation, we deduct and empirically test hypotheses on the optimal R&D portfolio, investment, performance, and dynamic efficiency of R&D for acquisitions and in independently competing firms. We use Community Innovation Survey data on Italian manufacturing firms. Theoretical and empirical results show that firms involved in acquisitions invest in different R&D portfolios and invest at least as much in aggregate R&D as independent firms. The empirical results do not support our hypothesis on dynamic efficiency since acquisitions lead to inferior R&D performance. |
| 主题 | Industrial Organization |
| 关键词 | Mergers and acquisitions Innovation Dynamic efficiency Cost reduction Product differentiation |
| URL | https://cepr.org/publications/dp5262 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534142 |
| 推荐引用方式 GB/T 7714 | Nikolaos Vettas,Rossitsa Kotseva. DP5262 Foreign Direct Investment and Exports Dynamics with Demand Learning. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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