IDEAS home Printed from https://ideas.repec.org/a/cup/jomorg/v27y2021i4p650-673_3.html
   My bibliography  Save this article

The influence of subject heterogeneity and absorptive capacity of acquirer on innovation performance in technology-driven M&As

Author

Listed:
  • Peng, Michael Yao-Ping
  • Li, Rui

Abstract

This study uses a sample of technological mergers and acquisitions (M&As) of A-share listed companies in the five major high-tech industries from 2012 to 2016, and conducts factor analysis to measure the heterogeneity of these enterprises in terms of financial slack resources, equity resources, and governance structure. On this basis, multivariate regression analysis is utilized to explore the influence of the acquiring firms' heterogeneity on their innovation performance, and the adjustment action of absorptive capacity between heterogeneity and innovation performance. The research results show that the slack financial resources and highly centralized equity structure of enterprises are not conducive to enterprises improving their innovation performance following a technological M&A, while the impact of governance structure on innovation performance following an M&A is similarly not significant. The empirical evidence provided offer insights and a decision reference for technological M&As of high-tech enterprises.

Suggested Citation

  • Peng, Michael Yao-Ping & Li, Rui, 2021. "The influence of subject heterogeneity and absorptive capacity of acquirer on innovation performance in technology-driven M&As," Journal of Management & Organization, Cambridge University Press, vol. 27(4), pages 650-673, July.
    • Handle: RePEc:cup:jomorg:v:27:y:2021:i:4:p:650-673_3
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1833367221000316/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jomorg:v:27:y:2021:i:4:p:650-673_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jmo .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.