To explore or to exploit? An empirical investigation of acquisitions by large incumbents

Marcus Wagner

Research Policy, 2011, vol. 40, issue 9, 1217-1225

Abstract: Innovation in high technology industries poses considerable challenges, frequently forcing firms to consider using acquisitions as a means of sourcing technology. This paper investigates such behaviour in a major high technology sector, namely the semiconductor industry. The paper focuses on differential effects of technology-related versus nontechnological acquisitions on exploratory and exploitative research and innovation. Most importantly, it confirms the important role of technology-related acquisitions for exploratory innovation.

Keywords: Acquisition; Innovation; Exploratory; Exploitative; Technology; Nontechnological (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:40:y:2011:i:9:p:1217-1225

DOI: 10.1016/j.respol.2011.07.006

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