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Highly Skilled and Well Connected: Migrant inventors in Cross-Border M&As

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  • F. Lissoni

    (GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

  • D. Useche
  • E. Miguelez

Abstract

Based on a relational view of international business, we investigate the role of migrant inventors in cross-border mergers and acquisitions undertaken by R&D-active firms. We hypothesize that the migrant inventors’ international social networks can be leveraged by their employers in order to identify and/or integrate relevant knowledge bases of acquisition targets in the inventors’ home country. We nuance our hypothesis by means of several conditional logistic regressions on a large matched sample of deals and control cases. The impact of migrant inventors increases with the distance between countries and for targets located in countries with weak administrative/legal systems, as well as when targets are either innovative or belong to high-tech sectors or to the same sector as the acquirer, and for full versus partial acquisitions.
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  • F. Lissoni & D. Useche & E. Miguelez, 2019. "Highly Skilled and Well Connected: Migrant inventors in Cross-Border M&As," Post-Print hal-02271307, HAL.
  • Handle: RePEc:hal:journl:hal-02271307
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-02271307
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