Der German Takeover Report bildet die Entwicklung wichtiger Größen deutscher Übernahmeangebote nach dem WpÜG ab: Anzahl und Volumen des Übernahmeangebots, gebotene Prämien und Erfolg des Offers. Zusätzlich werden die wichtigsten Eigenschaften der dem Übernahmeangebot nachfolgenden Strukturmaßnahmen (BGAV, Squeeze Out) erfasst. Die aktuelle Ausgabe verdeutlicht für das Jahr 2024 eine weitere leichte Erholung.

Real estate (RE) is grappling with digital transformation. Although property technology (PropTech) start-ups are generating process innovations that offer novel solutions to current RE problems, they are hampered by the slowness of RE's technology acceptance. Classical technology acceptance theory can explain the adoption of specific technologies but the diversity of PropTech requires an additional perspective or extension to current theory. To identify the barriers PropTech start-ups face in RE, we interviewed 15 founders about the challenges and experiences of working with customers. We identified three aggregate dimensions: customer barriers, provider barriers, and external ecosystem barriers. Our findings contribute to technology acceptance theory by extending Davis's (1989) TAM with additional barriers that are relevant to the adoption of PropTech. Our extended model depicts barriers as elements that influence technology acceptance. The paper concludes by identifying further research areas.

Purpose This study aims to explore the potential of entrepreneurship through acquisition (ETA) in the underexplored sector of small and medium-sized web-based businesses, addressing the succession crisis in industrialized nations and offering insights into the digital ETA landscape. Design/methodology/approach The research uses a qualitative approach, conducting in-depth interviews with 19 established website owners from diverse backgrounds and industries. The study investigates their business models, selling motivations and characteristics to provide insights for potential buyers in the digital ETA space. Findings Web-based small and medium-sized enterprises (SMEs) present unique opportunities for ETA, characterized by lower initial investment, higher scalability and diverse revenue streams. Key considerations for buyers include understanding seller motivations, evaluating niche focus and assessing the impact of emerging technologies such as artificial intelligence on content creation and search engine optimization. The findings also highlight the importance of authenticity and user engagement in maintaining website value. Practical implications The findings offer valuable insights for entrepreneurs considering ETA in the digital space, highlighting critical factors for success, potential risks and mitigation strategies in acquiring web-based businesses. Originality/value This paper bridges a significant gap in ETA literature by focusing on web-based SMEs, which have previously been overlooked despite their growing importance in the digital economy. It provides a comprehensive analysis of relevant factors when evaluating web-based businesses in the context of ETA, particularly in light of technological advancements and changing online landscapes.

Purpose In this study, we investigate how capability in managing intellectual property may be treated as a type of “dynamic capability,” and we seek to understand how, when it is linked to the new technology development capability of a complex technological organization, these two types of dynamic capabilities may coevolve. Design/methodology/approach We conducted a longitudinal empirical case study of Airbus, incorporating an abductive research methodology that required investigating theory and empirical data concurrently and iteratively. The data, ranging over a period of two decades from 2000 to 2021, was collected from four different sources, including interviews, internal company documents, publicly available information and patent data. Findings Our main findings are that the capabilities and roles of the Intellectual Property function in Airbus and their interaction with the company's Technology function have indeed influenced the overall innovation strategy of the organization, and that three coevolutionary phases may be identified in the interactive development of the two functions. Research limitations/implications Our investigation into how new technology development and intellectual property (IP) management capabilities coevolve within complex technological organizations, exemplified by Airbus, provides significant theoretical and practical implications. Theoretically, it enhances understanding of capability co-development dynamics in complex organizations, particularly in strategic IP management. Practically, it suggests aligning IP strategy with overall corporate objectives and optimizing organizational structures to promote collaboration and efficiency across IP and technology teams. This alignment may foster innovation, maximize the value of intellectual assets and strengthen collaborations, positioning organizations for long-term success in competitive landscapes. Originality/value This study makes a fresh contribution to the innovation studies literature by showing how if intellectual property management is treated as a core function of a complex technological organization – rather than simply as a vehicle for protecting new inventions and products after the fact or simply as a constituent part of the organization's legal function – it may contribute proactively to the organization's technological innovation performance. We also address the current gap in the academic literature for a clear understanding of the processes by which different function-specific dynamic capabilities may coevolve in a complex organization operating as part of a dynamic and complex adaptive system.

This article explores the Science-Based Target initiative (SBTi), a global initiative supporting corporations in reducing their greenhouse gas emissions in line with the Paris Agreement. The study examines the participation and communication of the SBTi among Deutscher Aktienindex 40 (DAX40) companies in the 2023 reporting year. Using a content analysis approach with annual and sustainability reports, the research highlights that the majority of DAX40 companies have set or committed to developing science-based targets (SBTs), although reporting practices differ. The findings provide valuable insights for the SBTi and for stakeholders to better understand how to implement and communicate about SBTs.