Innovation: the bright side of common ownership?
Firms have inefficiently low incentives to innovate when other firms benefit from their
inventions and the innovating firm therefore does not capture the full surplus of its …
inventions and the innovating firm therefore does not capture the full surplus of its …
[PDF][PDF] A tale of two networks: Common ownership and product market rivalry
F Ederer, B Pellegrino - SSRN Electronic Journal, 2021 - aeaweb.org
We study the welfare implications of the rise of common ownership in the United States from
1995 to 2021. We build a general equilibrium model with a hedonic demand system in …
1995 to 2021. We build a general equilibrium model with a hedonic demand system in …
The Proxy Advice Industry and Common Owners' Coordination
T Forsbacka - European Corporate Governance Institute–Finance …, 2024 - papers.ssrn.com
High levels of common ownership may reduce firms' incentives to compete. The empirical
relevance of this concern is controversial, in part because there are no obvious mechanisms …
relevance of this concern is controversial, in part because there are no obvious mechanisms …
[PDF][PDF] The Origins of Industry Dominance: High-Growth Firms' Funding Allocation and Competition
P Hernández-Lagos - 2024 - pablohernandez-lagos.com
High-potential firms attract substantial funding seeking to dominate winner-take-all
industries, but abundant funding increases competition among similar firms, compromising …
industries, but abundant funding increases competition among similar firms, compromising …
[PDF][PDF] AN EMPIRICAL ANALYSIS OF THE IMPACT OF MERGERS AND ACQUISITIONS INVOLVING INSTITUTIONAL CROSS-OWNERS ON POST-MERGER …
P ZHELTOV - run.unl.pt
I study 1858 mergers and acquisitions by US public acquirers between 1984 and 2020 to
assess the impact of cross-ownership on post-M&A acquirer bankruptcy risk. Addressing a …
assess the impact of cross-ownership on post-M&A acquirer bankruptcy risk. Addressing a …