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Inter-industry Mergers Acquisition、 spillovers and firm innovation

机译:行业间并购,溢出和企业创新

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摘要

Based on the classic continuous duopoly structure,this paper has constructed a model to study inter-industry M&A,spillovers and the influence of innovation.Inter-industry firms will be more possible to mergers,while the market volume becomes larger,and the cost of acquisitions becomes lower.When there is inter-industry mergers & acquisition,it will not only decrease their own innovation incentives but also reduce those of the vertical related firms.
机译:本文基于经典的连续双头垄断结构,构建了一个研究行业间并购,溢出和创新影响的模型。行业间公司将更容易进行兼并,而市场规模更大,成本也更高。跨行业并购不仅降低了自己的创新激励,而且降低了垂直相关企业的创新激励。

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