Mergers and innovation: Evidence from the hard disk drive market

Bennato, Anna Rita, Davies, Stephen, Mariuzzo, Franco and Ormosi, Peter (2021) Mergers and innovation: Evidence from the hard disk drive market. International Journal of Industrial Organization, 77. ISSN 0167-7187

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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.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > School of Economics
Faculty of Social Sciences > Norwich Business School
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Depositing User: LivePure Connector
Date Deposited: 02 Jun 2021 00:09
Last Modified: 18 Aug 2021 11:36
DOI: 10.1016/j.ijindorg.2021.102755

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