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Bank mergers and diversification: implications for competition policy

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  • Banal-Estanol, A.
  • Ottaviani, M.

Abstract

This paper studies the impact of university-industry collaboration on academic research output. We analyze the channels through which the degree of industry collaboration may be affecting research output. We exploit a unique longitudinal dataset on all the researchers in all the engineering departments of 40 major universities in the UK for the last 20 years. We use an innovative measure of collaboration based on the fraction of public research grants that include industry partners. Our empirical findings corroborate that the relationship between collaboration degree and publication rates is curvilinear, and shed some light on the selection mechanisms at work. Our results are robust to several econometric methods, measures of research output, and subsamples of academics.
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  • Banal-Estanol, A. & Ottaviani, M., 2006. "Bank mergers and diversification: implications for competition policy," Working Papers 06/11, Department of Economics, City University London.
  • Handle: RePEc:cty:dpaper:06/11
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    • 1 & 1, 2008. "," Working Papers 08/13, Department of Economics, City University London.
    • 1 & 1, 2007. "," Working Papers 07/09, Department of Economics, City University London.
    • 1 & 1 & 1, 2015. "," Working Papers 15/03, Department of Economics, City University London.
    • 1 & 1 & 1, 2008. "," Working Papers 08/14, Department of Economics, City University London.
    • 1 & 1, 2012. "," Working Papers 12/01, Department of Economics, City University London.
    • Banal-Estanol, A. & Heidhues, P., 2006. "Merged clusters during economic booms," Working Papers 06/07, Department of Economics, City University London.
    • 1 & 1 & 1, 2018. "," Working Papers 18/03, Department of Economics, City University London.
    • 1 & 1 & 1, 2013. "," Working Papers 13/03, Department of Economics, City University London.

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    1. Joya, Omar, 2015. "Growth and volatility in resource-rich countries: Does diversification help?," Structural Change and Economic Dynamics, Elsevier, vol. 35(C), pages 38-55.
    2. Massol, Olivier & Tchung-Ming, Stéphane & Banal-Estañol, Albert, 2018. "Capturing industrial CO2 emissions in Spain: Infrastructures, costs and break-even prices," Energy Policy, Elsevier, vol. 115(C), pages 545-560.
    3. 1 & 1, 2006. "," Working Papers 06/11, Department of Economics, City University London.
      • 1 & 1, 2008. "," Working Papers 08/13, Department of Economics, City University London.
      • 1 & 1, 2007. "," Working Papers 07/09, Department of Economics, City University London.
      • 1 & 1 & 1, 2015. "," Working Papers 15/03, Department of Economics, City University London.
      • 1 & 1 & 1, 2008. "," Working Papers 08/14, Department of Economics, City University London.
      • 1 & 1, 2012. "," Working Papers 12/01, Department of Economics, City University London.
      • 1 & 1 & 1, 2018. "," Working Papers 18/03, Department of Economics, City University London.
      • Banal-Estanol, A. & Heidhues, P., 2006. "Merged clusters during economic booms," Working Papers 06/07, Department of Economics, City University London.
      • 1 & 1 & 1, 2013. "," Working Papers 13/03, Department of Economics, City University London.
    4. António Freitas & Inés Macho-Stadler, 2014. "On the joint production of research and training," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 13(2), pages 71-94, August.
    5. Brito, Duarte & Ribeiro, Ricardo & Vasconcelos, Helder, 2020. "Overlapping ownership, endogenous quality, and welfare," Economics Letters, Elsevier, vol. 190(C).
    6. Hottenrott, Hanna & Lawson, Cornelia, 2013. "Fishing for Complementarities: Competitive Research Funding and Research Productivity," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201354, University of Turin.
    7. Sato, Susumu & Matsumura, Toshihiro, 2019. "Free Entry under Common Ownership," MPRA Paper 97525, University Library of Munich, Germany.
    8. 1 & 1 & 1, 2008. "," Working Papers 08/14, Department of Economics, City University London.
      • 1 & 1 & 1, 2013. "," Working Papers 13/02, Department of Economics, City University London.
      • 1 & 1, 2010. "," Working Papers 10/01, Department of Economics, City University London.
      • 1 & 1 & 1, 2016. "," Working Papers 16/09, Department of Economics, City University London.
      • 1 & 1 & 1, 2016. "," Working Papers 16/02, Department of Economics, City University London.
      • 1 & 1 & 1, 2013. "," Working Papers 13/03, Department of Economics, City University London.
    9. Lysle Boller & Fiona Scott Morton, 2020. "Testing the Theory of Common Stock Ownership," NBER Working Papers 27515, National Bureau of Economic Research, Inc.
    10. Dan Anderberg & Gloria Moroni, 2020. "Exposure to Intimate Partner Violence and Children’s Dynamic Skill Accumulation: Evidence from a UK Longitudinal Study," Tinbergen Institute Discussion Papers 20-036/V, Tinbergen Institute.
    11. Albert Banal-Estañol & Jeremy Eckhause & Olivier Massol, 2015. "Incentives for early adoption of carbon capture technology: further considerations from a European perspective," Working Papers hal-02475485, HAL.
    12. Dan Anderberg & Gloria Moroni, 2020. "Exposure to Intimate Partner Violence and Children's Dynamic Skill Accumulation: Evidence from a UK Longitudinal Study," CESifo Working Paper Series 8381, CESifo.
    13. Bolli, Thomas & Somogyi, Frank, 2011. "Do competitively acquired funds induce universities to increase productivity?," Research Policy, Elsevier, vol. 40(1), pages 136-147, February.
    14. Lawson, Cornelia & Soós,Sándor, 2014. "A Thematic Mobility Measure for Econometric Analysis," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201408, University of Turin.
    15. Banal-Estañol, Albert & Jofre-Bonet, Mireia & Lawson, Cornelia, 2015. "The double-edged sword of industry collaboration: Evidence from engineering academics in the UK," Research Policy, Elsevier, vol. 44(6), pages 1160-1175.
    16. Gilje, Erik P. & Gormley, Todd A. & Levit, Doron, 2020. "Who's paying attention? Measuring common ownership and its impact on managerial incentives," Journal of Financial Economics, Elsevier, vol. 137(1), pages 152-178.
    17. Nicola Lacetera, 2009. "Academic entrepreneurship," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(7), pages 443-464.
    18. Emmanuel Hache, 2016. "Do renewable energies improve energy security in the long run?," Working Papers hal-02475926, HAL.
    19. Papadopoulos, Konstantinos G. & Petrakis, Emmanuel & Skartados, Panagiotis, 2019. "Product innovation transfer under passive partial ownership holdings," Economics Letters, Elsevier, vol. 177(C), pages 22-25.
    20. Alfredo Yegros-Yegros & Joaquín M. Azagra-Caro & Mayte López-Ferrer & Robert J.W. Tijssen, 2016. "Do university–industry co-publication outputs correspond with university funding from firms?," Research Evaluation, Oxford University Press, vol. 25(2), pages 136-150.
    21. Shy, Oz & Stenbacka, Rune, 2019. "An OLG model of common ownership: Effects on consumption and investments," Journal of Macroeconomics, Elsevier, vol. 62(C).

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    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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