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The Effect of Mergers and Acquisitions on the Technological Performance of Companies in a High-tech Environment

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Author Info
Hagedoorn,John
Duysters,Geert (MERIT)

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Abstract

A large part of the literature from industrial organisation and management expects that, compared with unrelated M&As, related M&As show superior economic performance because of synergetic effects that follow from economies of scale and scope. The current contribution takes the debate on the effect of different M&As somewhat further by studying the effect of M&As on the technological performance of companies. In this study the technological performance of M&As is related to a high-tech sector, i.e. the computer industry. The main result of this research is that the so called strategic and organisational fit between companies involved in M&As seem to play an important role in improving the technological performance of companies.

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Paper provided by Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology in its series Research Memoranda with number 010.

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Date of creation: 2000
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Handle: RePEc:dgr:umamer:2000010

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Keywords: management and organization theory ;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
  4. Henderson, Rebecca. & Cockburn, Iain., 1994. "Measuring competence? : exploring firm effects in pharmaceutical research," Working papers 3712-94., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
  5. Jerry A. Hausman & Bronwyn H. Hall & Zvi Griliches, 1984. "Econometric Models for Count Data with an Application to the Patents-R&D Relationship," NBER Technical Working Papers 0017, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Scherer, F M, 1988. "Corporate Takeovers: The Efficiency Arguments," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 69-82, Winter. [Downloadable!] (restricted)
  7. Grupp, Hariolf, 1994. "The measurement of technical performance of innovations by technometrics and its impact on established technology indicators," Research Policy, Elsevier, vol. 23(2), pages 175-193, March. [Downloadable!] (restricted)
  8. Cosh, A. D. & Hughes, A. & Lee, K. & Singh, A., 1989. "Institutional investment, mergers and the market for corporate control," International Journal of Industrial Organization, Elsevier, vol. 7(1), pages 73-100, March. [Downloadable!] (restricted)
  9. repec:fth:harver:1473 is not listed on IDEAS
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  11. Bronwyn H. Hall, 1991. "The Impact of Corporate Restructuring on Industrial Research and Development," NBER Working Papers 3216, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  12. Cohen, Wesley M. & Levin, Richard C., 1989. "Empirical studies of innovation and market structure," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 18, pages 1059-1107 Elsevier. [Downloadable!] (restricted)
  13. Thomas Hatzichronoglou, 1997. "Revision of the High-Technology Sector and Product Classification," OECD Science, Technology and Industry Working Papers 1997/2, OECD, Directorate for Science, Technology and Industry. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Xia Wang, 2005. "Technological Characteristics and R&D Alliance Form: Evidence from the U.S. Biotechnology Industry," Working papers 2005-35, University of Connecticut, Department of Economics. [Downloadable!]
  2. Aken, van J.E., 2001. "Management research based on the paradigm of the design sciences: the quest for tested and grounded technological rules," ECIS Working Papers 01.11, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
  3. Mukherjee, A. & Pennings, E., 2000. "Imitation, patent protection and welfare," ECIS Working Papers 00.03, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
    Other versions:
  4. Verspagen, B. & Schoenmakers, W., 2000. "The spatial dimension of knowledge spillovers in Europe: evidence from firm patenting data," ECIS Working Papers 00.07, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
    Other versions:
  5. Grimpe, Christoph, 2005. "Integration and Reorganisation of Industrial R&D: Deficits and Perspectives of Empirical Research," ZEW Discussion Papers 05-88, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  6. Verspagen, B., 2000. "Growth and structural change: trends, patterns and policy options," ECIS Working Papers 00.08, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
    Other versions:
  7. Lint, O. & Pennings, E., 2000. "The recently chosen digital video standard: playing the game within the game," ECIS Working Papers 00.02, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
  8. Marcus Wagner, 2007. "The Link between Environmental Innovation, Patents, and Environmental Management," DRUID Working Papers 07-14, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  9. Elena Cefis, 2008. "The Impact of M&A on Technology Sourcing Strategies," LEM Papers Series 2008/25, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
  10. Aken, van J., 2001. "Improving the relevance of management research By developing tested and grounded technologiCAL RULES," ECIS Working Papers 01.19, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
  11. Elena Cefis & Anna Sabidussi & Hans Schenk, 2007. "Do Mergers of Potentially Dominant Firms foster Innovation? An Empirical Analysis for the Manufacturing Sector," Working Papers 07-20, Utrecht School of Economics. [Downloadable!]
  12. Marsili, O., 2000. "Technological regimes and sources of entrepreneurship," ECIS Working Papers 00.10, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
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