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Mergers and innovation: Evidence from the hard disk drive market

journal contribution
posted on 02.07.2021, 08:30 by Anna Rita Bennato, Stephen Davies, Franco Mariuzzo, Peter Ormosi
This paper is a retrospective evaluation of how innovation changed following mergers and subsequent policy interventions after the 5-to-3 consolidation of the worldwide hard disk drive industry in 2012. It adopts a holistic view of innovation, employing four different measures: R&D, patents, the number of new models, and their unit prices. This allows us to distinguish the magnitude of the merging parties innovative efforts from the productivity of those efforts. Our firm-level approach confirms that there is important heterogeneity across the players, which we attribute to differences in the severity of remedies required by competition authorities.

History

School

  • Business and Economics

Department

  • Economics

Published in

International Journal of Industrial Organization

Volume

77

Publisher

Elsevier BV

Version

AM (Accepted Manuscript)

Rights holder

© Elsevier

Publisher statement

This paper was accepted for publication in the journal International Journal of Industrial Organization and the definitive published version is available at https://doi.org/10.1016/j.ijindorg.2021.102755

Acceptance date

19/05/2021

Publication date

2021-05-29

Copyright date

2021

ISSN

0167-7187

Language

en

Depositor

Dr Anna Rita Bennato. Deposit date: 1 July 2021

Article number

102755