Highly-skilled migrants and Cross-border M&A: Firm-level evidence

Diego Useche, Ernest Miguelez and Francesco Lissoni

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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.

Keywords: cross-border mergers and acquisitions; migration; inventors; PCT patents (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-ino, nep-int, nep-ipr, nep-mig and nep-ure
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02024499
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Citations: View citations in EconPapers (6)

Published in Journal of International Business Studies, 2020, 51, pp.737-763. ⟨10.1057/s41267-018-0203-3⟩

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Related works:
Working Paper: Highly-skilled migrants and Cross-border M&A: Firm-level evidence (2020)
Working Paper: Highly-skilled migrants and Cross-border M&A: Firm-level evidence (2018)
Working Paper: Highly-skilled migrants and Cross-border M&A: Firm-level evidence (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02024499

DOI: 10.1057/s41267-018-0203-3

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