The Impact of Takeover Anticipation on Rival Firms

2021 ◽  
Author(s):  
Frederick Davis ◽  
Svetlana Davis ◽  
Xiaoyang Sha ◽  
Thomas Walker
Keyword(s):  
Rival Firms ◽  
The Impact

scholarly journals Green Innovation and Competition: R&D Incentives in a Circular Economy

Games ◽  
2021 ◽  
Vol 12 (3) ◽  
pp. 68
Author(s):  
Giovanna Bimonte ◽  
Maria Grazia Romano ◽  
Maria Russolillo
Keyword(s):  
Circular Economy ◽  
Product Market ◽  
Production Costs ◽  
Cournot Model ◽  
Green Innovation ◽  
Innovation Project ◽  
Rival Firms ◽  
The Impact ◽  
D Investment ◽  
Disposal Cost

The present paper provides theoretical insights regarding the determinants of firms’ incentives to invest in a Circular Economy. The analysis relies on a Cournot model disaggregating the disposal cost in the production function. In a non-simultaneous sequential game, two risk-neutral firms are endowed with a green innovation project that, if successful, would reduce the overall production costs and implement a Circular Economy. Firms are plagued by asymmetric information about the exact value of the other firm’s innovation. In this setting, the R&D investment in a Circular Economy, by affecting the distribution of production and disposal costs, influences the production decisions of both the innovating and the rival firms. The sign of the impact depends on the firms’ strategy in the product market. Furthermore, the analysis points out that cooperation in R&D of firms competing in the product market reinforces incentives to invest in green innovation. This suggests that governments aimed to advance a Circular Economy should encourage firms’ cooperation.

scholarly journals Trust , Knowledge Similarity and Cooperation in Coopetitive Strategic Alliances

2020 ◽  
pp. 39-52
Author(s):  
Alexander K. Lyasko
Keyword(s):  
Strategic Alliances ◽  
Technological Development ◽  
Cooperative Relationships ◽  
Interfirm Trust ◽  
Interfirm Collaboration ◽  
Active Transfer ◽  
Rival Firms ◽  
Competitive Rivalry ◽  
The Impact ◽  
Knowledge Similarity

Cooperative relationships between rival firms, which engage in interfirm strategic alliances, assume active transfer, reception and recombination of competencies and co-production of novel knowledge. These processes facilitate joint technological development and improve the participating firms’ competitiveness. Nevertheless, competitive interactions between the partners can impede the achievement of the alliance’s cooperative objectives. This paper investigates the impact of trusting attitudes developed between the partners on the effectiveness of interfirm collaboration under conditions of competitive rivalry in the broader industrial environment and similarity of initial knowledge at the partners’ disposal. It offers a number of hypotheses, which determine the interrelationships between the levels of interfirm trust, transaction costs associated with transferring knowledge and the successful attainment of alliance goals. The paper pays specific attention to the effects arising from the commonality of knowledge possessed by cooperating rivals. It also analyzes the influence of particular types of coopetitive strategic alliances on the success of collaborative  arrangements under the conditions of knowledge commonality among the partners.

Organization and Financing of Innovation, and the Choice between Corporate and Independent Venture Capital

2009 ◽  
Vol 44 (6) ◽  
pp. 1291-1321 ◽  
Author(s):  
Paolo Fulghieri ◽  
Merih Sevilir
Keyword(s):  
Venture Capital ◽  
Strategic Alliances ◽  
Internal Resources ◽  
Start Up ◽  
Corporate Venture ◽  
External Organization ◽  
Rival Firms ◽  
Established Firms ◽  
Start Ups ◽  
The Impact

AbstractThis paper examines the impact of competition on the optimal organization and financing structures in innovation-intensive industries. We show that as an optimal response to competition, firms may choose external organization structures established in collaboration with specialized start-ups where they provide start-up financing from their own resources. As the intensity of the competition to innovate increases, firms move from internal to external organization of projects to increase the speed of product innovation and to obtain a competitive advantage with respect to rival firms in their industry. We also show that as the level of competition increases, firms provide a higher level of financing for externally organized projects in the form of corporate venture capital (CVC). Our results help explain the emergence of organization and financing arrangements such as CVC and strategic alliances, where large established firms organize their projects in collaboration with external specialized firms and provide financing for externally organized projects from their own internal resources.

scholarly journals Winning the competition for supplier resources

2016 ◽  
Vol 36 (11) ◽  
pp. 1458-1481 ◽  
Author(s):  
Niels J. Pulles ◽  
Jasper Veldman ◽  
Holger Schiele
Keyword(s):  
Resource Allocation ◽  
Structural Equation ◽  
Resource Competition ◽  
Equation Modeling ◽  
Future Research ◽  
Service Firms ◽  
Data Set ◽  
Content Type ◽  
Rival Firms ◽  
The Impact

Purpose This paper examines the competition between buying firms for the supplier’s competitive resources. The purpose of this paper is to examine how indirect capabilities – the ability to access external resources – can help in obtaining preferential resource allocation from suppliers. Design/methodology/approach Partial least squares structural equation modeling is used to analyze data of 163 buying firms that assess preferential resource allocation from suppliers. Findings Two indirect capabilities (a buying firm’s selection capability and relational capability) positively influence the firm’s competitive advantage. These relations are significantly mediated by preferential resource allocation of suppliers. The impact of preferential resource allocation appeared stronger for manufacturing firms than for service firms. Research limitations/implications This study’s data set represents the buyer’s assessment of suppliers’ resource allocation. Future research should aim for dyadic data for further validation. In addition, due to sample size limitations, this study’s data does not allow sector segmentation. A larger study that provides insights into segmentation is suggested for future research. Practical implications The results inform managers about the relevance of the competition for supplier resources with rival firms that share suppliers, and the influence of this competition on firm competitiveness. Managers should not only focus on the supplier itself, but also on the capabilities of the supply chain management (SCM) function to recognize and integrate the supplier resources. Originality/value This study adds to the extended resource-based view literature by integrating the notion of supplier resource competition. In addition, the study shows the importance of indirect capabilities for obtaining preferential resource allocation from suppliers. Finally, the authors show the importance of separating between service and manufacturing when examining SCM practices.

Formation of Lunar Craters and Bright Rays as a Result of Meteorite Impacts

1962 ◽  
Vol 14 ◽  
pp. 415-418
Author(s):  
K. P. Stanyukovich ◽  
V. A. Bronshten
Keyword(s):  
Explosive Charge ◽  
The Moon ◽  
Meteorite Impacts ◽  
The Earth ◽  
Lunar Craters ◽  
The Impact

The phenomena accompanying the impact of large meteorites on the surface of the Moon or of the Earth can be examined on the basis of the theory of explosive phenomena if we assume that, instead of an exploding meteorite moving inside the rock, we have an explosive charge (equivalent in energy), situated at a certain distance under the surface.

The Geosciences Applied to Lunar Exploration

1962 ◽  
Vol 14 ◽  
pp. 169-257 ◽  
Author(s):  
J. Green
Keyword(s):  
Lunar Surface ◽  
Probable Mechanism ◽  
Point Of View ◽  
Lunar Exploration ◽  
Geological Model ◽  
Apply Geophysics ◽  
Surface Features ◽  
The Impact

The term geo-sciences has been used here to include the disciplines geology, geophysics and geochemistry. However, in order to apply geophysics and geochemistry effectively one must begin with a geological model. Therefore, the science of geology should be used as the basis for lunar exploration. From an astronomical point of view, a lunar terrain heavily impacted with meteors appears the more reasonable; although from a geological standpoint, volcanism seems the more probable mechanism. A surface liberally marked with volcanic features has been advocated by such geologists as Bülow, Dana, Suess, von Wolff, Shaler, Spurr, and Kuno. In this paper, both the impact and volcanic hypotheses are considered in the application of the geo-sciences to manned lunar exploration. However, more emphasis is placed on the volcanic, or more correctly the defluidization, hypothesis to account for lunar surface features.

Asteroid and Comet Impact Speeds upon Mars: Significance for Panspermia and the Supply of Organics

1997 ◽  
Vol 161 ◽  
pp. 197-201 ◽  
Author(s):  
Duncan Steel
Keyword(s):  
Probability Distributions ◽  
Regions Of Interest ◽  
Significant Fraction ◽  
Organic Chemicals ◽  
Impact Speed ◽  
The Mean ◽  
The Impact

AbstractWhilst lithopanspermia depends upon massive impacts occurring at a speed above some limit, the intact delivery of organic chemicals or other volatiles to a planet requires the impact speed to be below some other limit such that a significant fraction of that material escapes destruction. Thus the two opposite ends of the impact speed distributions are the regions of interest in the bioastronomical context, whereas much modelling work on impacts delivers, or makes use of, only the mean speed. Here the probability distributions of impact speeds upon Mars are calculated for (i) the orbital distribution of known asteroids; and (ii) the expected distribution of near-parabolic cometary orbits. It is found that cometary impacts are far more likely to eject rocks from Mars (over 99 percent of the cometary impacts are at speeds above 20 km/sec, but at most 5 percent of the asteroidal impacts); paradoxically, the objects impacting at speeds low enough to make organic/volatile survival possible (the asteroids) are those which are depleted in such species.

Organic Syntheses During the Impact of a Comet with a Gaseous Planet

1997 ◽  
Vol 161 ◽  
pp. 189-195
Author(s):  
Cesare Guaita ◽  
Roberto Crippa ◽  
Federico Manzini
Keyword(s):  
Polymeric Material ◽  
Molecular Form ◽  
Parent Compound ◽  
Blue Filter ◽  
Organic Syntheses ◽  
The Impact

AbstractA large amount of CO has been detected above many SL9/Jupiter impacts. This gas was never detected before the collision. So, in our opinion, CO was released from a parent compound during the collision. We identify this compound as POM (polyoxymethylene), a formaldehyde (HCHO) polymer that, when suddenly heated, reformes monomeric HCHO. At temperatures higher than 1200°K HCHO cannot exist in molecular form and the most probable result of its decomposition is the formation of CO. At lower temperatures, HCHO can react with NH3 and/or HCN to form high UV-absorbing polymeric material. In our opinion, this kind of material has also to be taken in to account to explain the complex evolution of some SL9 impacts that we observed in CCD images taken with a blue filter.

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