This paper deals with the impact of M&A on technological performance. We argue that, when it provides additional technological resources, M&A promote the creation of more value in the innovation process. Instead, when it allows the redeployment of complementary assets, M&A enable more value to be captured from the innovations, and hence foster firms’ incentives in the innovation process. Hypotheses are tested on a sample of deals that were completed in the U.S. “Medical devices and photographic equipment” sector, in the period1988-1996.

Beyond knowledge bases: towards a better understanding of the effects of M&A on technological performance / Valentini, Giovanni; A., Dawson. - 9:(2010), pp. 177-197. [10.1108/S1479-361X(2010)0000009011]

Beyond knowledge bases: towards a better understanding of the effects of M&A on technological performance

VALENTINI, GIOVANNI;
2010

Abstract

This paper deals with the impact of M&A on technological performance. We argue that, when it provides additional technological resources, M&A promote the creation of more value in the innovation process. Instead, when it allows the redeployment of complementary assets, M&A enable more value to be captured from the innovations, and hence foster firms’ incentives in the innovation process. Hypotheses are tested on a sample of deals that were completed in the U.S. “Medical devices and photographic equipment” sector, in the period1988-1996.
9780857244659
9780857244666
M&A; INNOVATION; KNOWLEDGE BASE; R&D
Beyond knowledge bases: towards a better understanding of the effects of M&A on technological performance / Valentini, Giovanni; A., Dawson. - 9:(2010), pp. 177-197. [10.1108/S1479-361X(2010)0000009011]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/221608
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