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Mergers & acquisitions and innovation performance in the telecommunications equipment industry
DIW Berlin, Germany.
Jönköping University, Jönköping International Business School, JIBS, Economics, Finance and Statistics.
2012 (English)In: Industrial and Corporate Change, ISSN 0960-6491, E-ISSN 1464-3650, Vol. 21, no 2, 277-314 p.Article in journal (Refereed) Published
Abstract [en]

The worldwide telecommunications equipment industry has experienced an enormous number of mergers and acquisitions (M&A). This article examines the innovation determinants of M&A activity and the consequences of M&A on technological potential and innovation performance. We extend the resource-based theory in elucidating external technology sourcing and provide empirical evidence on the keen reliance of the equipment firms on M&A as a technology sourcing strategy for the period 1988–2004. Employing the matching propensity score approach, this study provides evidence that mergers realize a significant growth in the innovation performance of firms. The postmerger innovation performance, in turn, is driven by both the prior success of in-house R&D commitment and the deterioration of internal technological capabilities at acquiring firms.

Place, publisher, year, edition, pages
2012. Vol. 21, no 2, 277-314 p.
Keyword [en]
Mergers & Acquisitions, Innovation Performance, Telecommunications Equipment Industry
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-14889DOI: 10.1093/icc/dtr052Local ID: IHHEFSISOAI: oai:DiVA.org:hj-14889DiVA: diva2:412972
Available from: 2011-04-27 Created: 2011-04-27 Last updated: 2015-11-17Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
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  • modern-language-association-8th-edition
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