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METHOD:PUBLISH
BEGIN:VEVENT
UID:1542ef3a689aadeba9695329f0cb1f9c
CATEGORIES:Seminars
CREATED:20260729T124627
SUMMARY:Arnaud Dyevre - HEC Paris
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><strong><span style="font-size: 12.0pt; font-family: Aptos; mso-fareast-
 font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; co
 lor: black; mso-ansi-language: IT; mso-fareast-language: IT; mso-bidi-langu
 age: AR-SA;">The Impact of Acquisitions on Innovation</span></strong><span 
 style="font-size: 12.0pt; font-family: Aptos; mso-fareast-font-family: 'Tim
 es New Roman'; mso-bidi-font-family: 'Times New Roman'; color: black; mso-a
 nsi-language: IT; mso-fareast-language: IT; mso-bidi-language: AR-SA;"></sp
 an></p><p>Abstract:</p><p class="MsoNormal" style="text-align: justify;"><s
 pan style="mso-fareast-font-family: 'Times New Roman'; color: black;">How d
 o acquisitions affect the creation and diffusion of knowledge? We develop a
  new dataset linking US patents to publicly listed firms and their subsidia
 ries. It combines patent records from 1926–2023 with dynamic ownership hist
 ories spanning 1950–2023. All sectors of the </span><span style="mso-fareas
 t-font-family: 'Times New Roman';">American<span style="color: black;">&nbs
 p;economy over seven decades are covered. This allows us to follow inventio
 ns across changes in corporate control and distinguish new invention from t
 ransfers of existing patents. Using event studies and matched difference-in
 -differences specifications, we examine how acquisitions affect the quantit
 y, technological impact and direction of innovation. Our results suggest th
 at, contrary to prior analyses on sub-sectors or specific time periods, acq
 uisitions can increase the aggregate quantity and quality of innovation.</s
 pan></span><span style="mso-fareast-font-family: 'Times New Roman';"></span
 ></p>
DTSTAMP:20261013T213324Z
DTSTART:20261019T163000Z
DTEND:20261019T180000Z
SEQUENCE:0
TRANSP:OPAQUE
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