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Knowledge dynamics, firm strategy, mergers and acquisitions in the biotechnology based sectors

Author

Listed:
  • Paolo Saviotti
  • Marie-Angele de Looze
  • M. A. Maupertuis

Abstract

In this article, a method to map the knowledge base (KB) of firms is developed and applied to the study of strategic changes, mergers and acquisitions. The empirical data are related to three firms, Hoechst, Rhone-Poulenc and Aventis, which resulted from the merger of the first two. Our study shows how the KB of both Hoechst and Rhone-Poulenc changed gradually reflecting their strategic reorientation away from chemistry and towards the life sciences. While the previous transition produced a segmented KB with the chemistry and biology subsets largely separated, the merger led a more closely integrated KB. The KB of some Aventis subsidiaries have been studied as well.

Suggested Citation

  • Paolo Saviotti & Marie-Angele de Looze & M. A. Maupertuis, 2005. "Knowledge dynamics, firm strategy, mergers and acquisitions in the biotechnology based sectors," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 14(1-2), pages 103-124.
  • Handle: RePEc:taf:ecinnt:v:14:y:2005:i:1-2:p:103-124
    DOI: 10.1080/1043859042000228679
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    References listed on IDEAS

    as
    1. Mueller, Dennis C., 1989. "Mergers : Causes, effects and policies," International Journal of Industrial Organization, Elsevier, vol. 7(1), pages 1-10, March.
    2. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, January.
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    Citations

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    Cited by:

    1. Antonelli, Cristiano & Krafft, Jackie & Quatraro, Francesco, 2010. "Recombinant knowledge and growth: The case of ICTs," Structural Change and Economic Dynamics, Elsevier, vol. 21(1), pages 50-69, March.
    2. Frenken, Koen & Pyka, Andreas & Verspagen, Bart & Windrum, Paul, 2010. "Innovation, qualitative change and economic development--Special issue in honour of Pier-Paolo Saviotti," Structural Change and Economic Dynamics, Elsevier, vol. 21(1), pages 1-4, March.
    3. repec:spr:scient:v:95:y:2013:i:1:d:10.1007_s11192-012-0796-4 is not listed on IDEAS
    4. repec:eee:tefoso:v:122:y:2017:i:c:p:151-169 is not listed on IDEAS
    5. Pie Paolo Saviotti, 2012. "Towards a theoretical framework for the generation and utilization of knowledge," Chapters,in: Handbook of Knowledge and Economics, chapter 10 Edward Elgar Publishing.

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