A Post M&A Innovation in Family Firms

Abdul-Basit Issah ()
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Abdul-Basit Issah: WIFU/Herdecke University

DEM Discussion Paper Series from Department of Economics at the University of Luxembourg

Abstract: The paper empirically investigates how family firms appropriate acquired resources to become more innovative in the context of merger waves. It draws on resource-based view and the theory of first mover (dis)advantages to examine the implications of the timing of acquisitions on innovation in family firms. Using a panel dataset of manufacturing firms in the Standard & Poor’s (S&P) 500 followed over a period of 31 years, the study finds empirical support for the predictions that targets acquired during the upswing of a merger wave are more valuable to family firms and associated with more innovation than for non-family firms.

Keywords: Acquisitions; innovation; resource-based view; family firms; merger waves. (search for similar items in EconPapers)
JEL-codes: G34 L10 L20 M20 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-bec, nep-cfn, nep-com and nep-sbm
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:21-18

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