Absorptive capacity and post-acquisition inventor productivity
AbstractInventors often experience a low productivity after their company has been subject to a merger or acquisition (M&As). It is of central managerial interest to identify factors facilitating the integration of new inventive staff and thereby counteracting innovation declines after M&As. This paper provides empirical evidence into the role of acquiring firms’ absorptive capacity for the post-merger patent productivity of the acquired inventors. Based on a sample of 544 inventors employed by European acquisition targets in the period 2000–2001 it is shown that the post-merger productivity of acquired inventors is significantly higher within acquiring firms with a distinct absorptive capacity. It can be concluded that absorptive capacity is a firm capability that enhances the integration of inventors after firm takeovers. Copyright The Author(s) 2012
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Bibliographic InfoArticle provided by Springer in its journal The Journal of Technology Transfer.
Volume (Year): 37 (2012)
Issue (Month): 4 (August)
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Web page: http://www.springerlink.com/link.asp?id=104998
M&As; Absorptive capacity; Inventor productivity; O30; O32; G34;
Other versions of this item:
- Hussinger, Katrin, 2010. "Absorptive capacity and post-acquisition inventor productivity," ZEW Discussion Papers 10-066, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
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