To explore or to exploit? An empirical investigation of acquisitions by large incumbents
AbstractInnovation in high technology industries poses considerable challenges, frequently forcing firms to consider using acquisitions as a means of sourcing technology. This paper investigates such behaviour in a major high technology sector, namely the semiconductor industry. The paper focuses on differential effects of technology-related versus nontechnological acquisitions on exploratory and exploitative research and innovation. Most importantly, it confirms the important role of technology-related acquisitions for exploratory innovation.
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Bibliographic InfoArticle provided by Elsevier in its journal Research Policy.
Volume (Year): 40 (2011)
Issue (Month): 9 ()
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Web page: http://www.elsevier.com/locate/respol
Acquisition; Innovation; Exploratory; Exploitative; Technology; Nontechnological;
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