Mergers and investments in the cost reduction with private information revisited

Article Abstract:

Reexamination of Stenbacka's (1991) model of cost cutting R&D investments reveals that the innovating firm does not necessarily need to invest more if it decides to divulge its research results preceding the merger. The innovating firm is shown to save in takeover terms by keeping results of R&D exclusive to the firm. These outcomes imply that consumer interests may not benefit if the producer withholds information from the rival firm.

Research and Development in the Physical, Engineering, and Life Sciences, Commercial physical research, Research & Development-Industry, Analysis, Acquisitions and mergers, Technological innovations, Technology transfer

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Research joint ventures and the cost paradox

Article Abstract:

The effects of the cost paradox on the likelihood that cooperative firms will make use of a cost reducing Research Joint Venture, to raise research levels.

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A theory of joint venture life-cycles

Article Abstract:

A dynamic theory of joint venture life cycle is presented, based on synergy, moral hazard and organizational learning.

Models, Organizational behavior

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