Firm Boundaries Matter: Evidence from Conglomerates and R&D Activity
By Amit Seru. 2014
646 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/4101062198ec1a6008ae9b76cdecb6b5f728573a
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Citations in the corpus
- What Affects Innovation More: Policy or Policy Uncertainty? (2017, neutral): “…market conditions, stock liquidity, firm boundaries, and investors’ attitudes toward tolerance on firm innovation (e.g., Aghion, Bloom, Blundell, and Griffith (2005), Acharya and Subramanian (2009), Nanda and Rhodes-Kropf (2013), Fang, Tian, and Tice (2014), Seru (2014), and Tian and Wang (2014)).”
- Busy Directors and Firm Performance: Evidence from Mergers (2018, neutral): “35 Seru (2013) and Li (2011) also exploit merger that ultimately failed or were withdrawn to better understand the effect of completed mergers.”
- Female board representation, corporate innovation and firm performance (2018, neutral): “both patenting and citation intensities vary across industries (Seru, 2014; Hall, Jaffe and Trajtenberg, 2001).”
- The Effect of Cultural Similarity on Mergers and Acquisitions: Evidence from Corporate Social Responsibility (2018, neutral): “…by easing post-merger integration and rendering the merged firm better able to exploit merger synergies (Maksimovic, Phillips, and Prabhala, 2011; Seru, 2014).8 Lastly, in studying the role of CSR similarity in M&A deals, our paper is also related to Deng, Kang, and Low (2013) who examine the…”
- Internal Capital Market and Dividend Policies: Evidence from Business Groups (2014, neutral): “Our paper is related to research on ICMs which largely studies their functioning in the context of US conglomerates — highlighting both the benefits and costs of ICMs (see Stein 2003).”
- The effects of proprietary information on corporate disclosure and transparency: Evidence from trade secrets (2018, positive): “I obtain data on patents and patent citations from Kogan, Papanikolaou, Seru, and Stoffman (2016).”
- Top Management Human Capital, Inventor Mobility, and Corporate Innovation (2018, neutral): “…provisions (e.g., Atanassov (2013), Chemmanur and Tian (2018), and Sapra, Subramanian, and Subramanian (2014)), institutional ownership (e.g., Aghion, Van Reenen, and Zingales (2013)), CEO overconfidence (Hirshleifer, Low, and Teoh (2012)), and conglomerate structure (e.g., Seru (2014)).”
- Innovation Activities and Integration through Vertical Acquisitions (2019, result): “31 Electronic copy available at: https://ssrn.com/abstract=2242425 Seru (2014).”
- The Dark Side of Analyst Coverage: The Case of Innovation (2013, neutral): “Our use of patenting to capture firms’ innovativeness has now become standard in the innovation literature (e.g., Aghion et al., 2005; Nanda and RhodesKropf, 2012; Seru, 2011).”
- Does Banking Competition Affect Innovation (2015, background): “…as firm characteristics including corporate governance (Meulbroek, Litchell, Mulherin, Netter, and Poulsen, 1990), stock liquidity (Fang, Tian, and Tice, 2014), firm boundaries (Seru, 2014), analyst coverage (He and Tian, 2013), and institutional ownership (Aghion, Van Reenen, and Zingales, 2013).”
- Cross-Border M&As and Innovative Activity of Acquiring and Target Firms (2016, background): “If cross-border M&As induce an increase (decrease) in patenting for strategic reasons, we should see a decline (rise) in the average 23 See, for instance, Aghion et al. (2005, 2009, 2013), Bena and Li (2014) and Seru (2014). number of citations per patent (cf. Bloom et al., 2011).”
- Pilot CEOs and Corporate Innovation (2017, neutral): “We discuss the sample period in detail in Section 3 . for quantity and quality of innovation outcomes, respectively, in other studies including Hirshleifer, Low, and Teoh (2012) , Atanassov (2013) , and Seru (2014) .”