Mergers & Acquisitions and Innovation Performance in the Telecommunications Equipment Industry

Tseveen Gantumur and Andreas Stephan

No 728, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: The telecommunications in the 1990s witnessed an enormous worldwide round of Mergers & Acquisitions (M&A). This paper examines the innovation determinants of M&A activity and the consequences of M&A transactions on the technological potential and the innovation performance. We examine the telecommunications equipment industry over the period 1988-2002 using a newly constructed data set with firm-level data describing M&A and innovation activity as well as financial characteristics. Based on a matching propensity score procedure, the study provides evidence that M&A realize significantly positive changes to the firm's post-merger innovation performance.

Keywords: Mergers & Acquisitions; Innovation Performance; Telecommunications Equipment Industry (search for similar items in EconPapers)
JEL-codes: L10 L63 O30 (search for similar items in EconPapers)
Pages: 33 p.
Date: 2007
New Economics Papers: this item is included in nep-bec, nep-com, nep-cse, nep-eff, nep-ind, nep-ino, nep-mic and nep-tid
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Citations: View citations in EconPapers (3)

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https://www.diw.de/documents/publikationen/73/diw_01.c.65777.de/dp728.pdf (application/pdf)

Related works:
Journal Article: Mergers & acquisitions and innovation performance in the telecommunications equipment industry (2012)
Working Paper: Mergers & Acquisitions and Innovation Performance in the Telecommunications Equipment Industry (2011)
Working Paper: MERGERS & ACQUISITIONS AND INNOVATION PERFORMANCE IN THE TELECOMMUNICATIONS EQUIPMENT INDUSTRY (2007)
Working Paper: Mergers & acquisitions and innovation performance in the telecommunications equipment industry (2007)
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