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Can Mergers And Acquisitions Internalize Positive Externalities In Funding Innovation?, Leo Li, Mark Liu
Can Mergers And Acquisitions Internalize Positive Externalities In Funding Innovation?, Leo Li, Mark Liu
Institute for the Study of Free Enterprise Working Papers
Fundamental innovation usually involves huge upfront costs, but the benefits are spread across various sectors of the economy. Given the large costs and limited appropriability of the benefits associated with the innovation, individual firms underinvest in these innovations relative to the socially optimal level. We find that mergers and acquisitions (M&As) can internalize the positive externalities by merging firms from both the user industries and the producer industries of an innovation. Using the US patent citation dataset, we define the user and producer relationship between each pair of industries and between each pair of industry and technological class. We then …
Breaking Out Of The Box: Transforming Archival Collections And Workflows Through Collaborative Description Projects, Cindy Cline, Libby Hertenstein, Lindy Smith, Rachel Howard, Rebecca Pattillo, Ruth E. Bryan
Breaking Out Of The Box: Transforming Archival Collections And Workflows Through Collaborative Description Projects, Cindy Cline, Libby Hertenstein, Lindy Smith, Rachel Howard, Rebecca Pattillo, Ruth E. Bryan
Library Presentations
Archivists and archival collections can often be siloed into the “special” corner of their parent library: under described, underutilized, and often even unknown. Finding a path out of isolation may require taking a new look at collection management needs and considering new partners in the work. Collaboration with colleagues can result in positive ripple effects that extend beyond the initial project goals. This session will highlight three innovative description projects where archivists partnered with non-archivists to improve access to targeted collections and will detail how their collaborations transformed their archival collections, work structures and relationships, and, ultimately, their users. After …