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A dynamical model of optimal investment in R&D

โœ Scribed by S. M. Aseev; G. Hutschenreiter; A. V. Kryazhimskii

Publisher
Springer US
Year
2005
Tongue
English
Weight
420 KB
Volume
126
Category
Article
ISSN
1573-8795

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โœ M. Pilar Socorro ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 208 KB

## Abstract The purpose of this paper is to analyze the effects that takeover threats have on firms' preacquisition R&D intensity. Critics of takeovers usually argue that takeover threats may reduce target firms' R&D investments. However, I find that target firms may increase R&D investment in orde