Silent Financial Interests and Product Innovation

8 Pages Posted: 27 Jun 2018

See all articles by Anna Bayona

Anna Bayona

ESADE Business School

Ángel L. López

Autonomous University of Barcelona

Date Written: June 4, 2018

Abstract

We study quality-enhancing R&D, price competition, and welfare in markets with asymmetric passive partial ownership (PPO) holdings. The asymmetries in PPOs generate a positive re-allocation effect which, in some cases, can increase consumer and total surplus in markets with no spillovers.

Keywords: Partial Ownership, Minority Shareholdings, R&D Investments, Price Competition, Welfare

JEL Classification: D43, L11, L40, G24, G34

Suggested Citation

Bayona, Anna and López, Ángel L., Silent Financial Interests and Product Innovation (June 4, 2018). Available at SSRN: https://ssrn.com/abstract=3199740 or http://dx.doi.org/10.2139/ssrn.3199740

Anna Bayona (Contact Author)

ESADE Business School ( email )

Av. de Pedralbes, 60-62
Barcelona, 08034
Spain

Ángel L. López

Autonomous University of Barcelona ( email )

Plaça Cívica
Cerdañola del Valles
Barcelona, Barcelona 08193
Spain

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