 Cross border acquisitions and R%D activities: a comparative study in the Italian red biotech industryMichela Matarazzo, Biagio Merola and Riccardo Resciniti Global Business and Economics Review, 2017, vol. 19, issue 5, 570-591 Abstract: In fast growing markets, technology-grafting acquisitions provide rapid and exclusive access to technologies and capabilities of the acquired firm. This paper focuses on the impact of cross border acquisitions on R%D activities of the target firms in order to answer these research questions: are these firms in the post-acquisition stage more innovative? What are the main reasons? Four Red biotech acquired companies are used as multiple case study. Results suggest that the target companies take advantage of the acquisition in terms of: a boost to their R%D activities; R%D synergies with the buyer; developments of their research and growth in sales worldwide. Managers may benefit from a mutual exchange of knowledge and competences between acquired firms and MNEs. Policy makers should encourage FDI attraction strategies. This study for the first time analyses the post-acquisition innovation performance of all the Italian acquired mid-sized firms. Keywords: international business; international strategy; high tech innovation; R%D; cross border acquisitions; biotech industry; mid-sized firms; post acquisition performance; target firms; resource-based view; multiple case study. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:gbusec:v:19:y:2017:i:5:p:570-591 Access Statistics for this article More articles in Global Business and Economics Review from Inderscience Enterprises Ltd |
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