Publications of the Research Unit Economics of Innovation and Industrial Dynamics

  1. M&A Report // 2019

    November/December 2019

    • German M&A Market in Distress
    • Brexit Hampers M&A Activity with the UK
    • Transactions in European Real Estate and Housing Fall Sharply
    • The European Steel Sector Is Still Waiting for the Next Big Consolidation
  2. ZEW Discussion Paper No. 19-047 // 2019

    Bank Mergers in the Financial Crisis – A Competition Policy Perspective

    We analyze a large merger in the Dutch banking market during the financial crisis using disaggregated data. Based on a merger simulation model, we evaluate merger-induced changes in the interest rates for…

  3. ZEW Discussion Paper No. 19-045 // 2019

    Schutz der Robo Advisor vor Marktbarrieren: Zugriffsrechte auf Banken-Schnittstellen?

    The development of Robo Advice offers bank-independent FinTechs the opportunity to capture shares of the market for investment advice, brokerage and the management of financial instruments. In the long run,…

  4. ZEW Discussion Paper No. 19-044 // 2019

    Firm Acquisitions by Family Firms: A Mixed Gamble Approach

    This study elucidates the mixed gamble confronting family firms when considering a related firm acquisition. The socioemotional and financial wealth trade-off associated with related firm acquisitions as well as…

  5. ZEW Discussion Paper No. 19-043 // 2019

    Markets for Technology in Europe – Mapping Demand and Its Drivers

    Functioning markets for technology are an important determinant for the type, scope and distribution of innovation activities in an economy. However, markets for technology are often underdeveloped or…

  6. ZEW Discussion Paper No. 19-041 // 2019

    The Real Effects of Bank Distress: Evidence from Bank Bailouts in Germany

    How does bank distress impact their customers’ probability of default and trade credit availability? We address this question by looking at a unique sample of German firms from 2000 to 2011. We follow their…