MERGERS & ACQUISITIONS AND INNOVATION PERFORMANCE IN THE TELECOMMUNICATIONS EQUIPMENT INDUSTRY

Tseveen Gantumur () and Andreas Stephan
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Tseveen Gantumur: European University Viadrina

No 111, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

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 postmerger 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: 38 pages
Date: 2007-12-11
New Economics Papers: this item is included in nep-com, nep-cse, nep-eff, nep-ind, nep-mic and nep-tid
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Citations: View citations in EconPapers (3)

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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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Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0111

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