Mergers & Acquisitions and Innovation Performance in the Telecommunications Equipment Industry
The worldwide telecommunications equipment industry has experienced an enormous number of mergers and acquisitions (M&A). This paper examines the innovation determinants of M&A activity and the consequences of M&A on technological potential and innovation performance. We extend the resource-based theory in elucidating external technology sourcing and provide empirical evidence on the keen reliance of the equipment firms on M&A as a technology sourcing strategy for the period 1988–2004. Employing the matching propensity score approach, this study provides evidence that mergers realize a significant growth in the innovation performance of firms. The post-merger innovation performance, in turn, is driven by both the prior success of inhouse R&D commitment and the deterioration of internal technological capabilities at acquiring firms.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||24 Aug 2011|
|Date of revision:|
|Contact details of provider:|| Postal: Jönköping International Business School, P.O. Box 1026, SE-551 11 Jönköping, Sweden|
Web page: http://www.jibs.hj.se/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hhb:hjacfi:2011_005. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Susanne Hansson)or (Stefan Carlstein)
If references are entirely missing, you can add them using this form.