The effect of management buyouts on firm-level technical inefficiency: evidence from a panel of UK machinery and equipment manufacturers

Article Abstract:

A study of the efficiency of UK equipment and machinery manufacturing firms after management buyouts from 1986-97 is discussed. There is higher efficiency two years prior to the management buyout until five years after the buyout. Managerial incentives are considered the impetus for this efficiency increase.

Acquisitions & mergers, Plastics Products Equipment, Plastics and Rubber Industry Machinery Manufacturing, Special industry machinery, not elsewhere classified, Paper Industry Machinery Manufacturing, Paper industries machinery, Paper Industry Machinery, Woodworking machinery, Wood Products Machinery, Sawmill and Woodworking Machinery Manufacturing, Industry Overview, Mergers, acquisitions and divestments, Company acquisition/merger, Machinery industry, Plastics industry, Plastics machinery, Influence, Production processes, Paper industry, Management buyouts, Incentives (Business), Paper machines, Woodworking industry

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Technological incompatibility, endogenous switching costs and lock-in

Article Abstract:

This research paper finds that in sequentially updating systems with complements, producers prefer to have compatible technologies to avoid increased competition.

Engineering Services, Product Development Engineering, Statistical Data Included, Analysis, Competition (Economics), Laws, regulations and rules, Engineering firms, Pricing, System development, Systems development, Product engineering

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Technology Adoption And The Emergence of Regional Asymmetries

Article Abstract:

Full adoption of new technology does not come about in market integration. What results instead is the emergence of regional asymmetries.

Italy, Technology & Information, Administration of General Economic Programs, Surveys, Regionalism

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