Impact of mergers & acquisitions on research productivity within the pharmaceutical industry

Michael E. D. Koenig and Elizabeth M. Mezick ()
Additional contact information
Michael E. D. Koenig: College of Information & Computer Science, Long Island University Brookville
Elizabeth M. Mezick: Long Island University

Scientometrics, 2004, vol. 59, issue 1, No 10, 157-169

Abstract: Abstract Several major econometric studies have looked at mergers and acquisitions (M&As) across various industries and concluded that, in general, there is no synergy created or released by M&A activity. This investigation concentrates upon research and development (R&D) performance in the pharmaceutical industry to examine the impact of M&A activity on corporate productivity. Findings indicate that, when compared to those companies within the pharmaceutical industry that did not experience merger activity during comparable time periods, as well as to the industry as a whole, pharmaceutical companies that merged were able to achieve more favorable post-merger productivity scores than were attained prior to their merger.

Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://link.springer.com/10.1023/B:SCIE.0000013304.40957.0d Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:scient:v:59:y:2004:i:1:d:10.1023_b:scie.0000013304.40957.0d

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11192

DOI: 10.1023/B:SCIE.0000013304.40957.0d

Access Statistics for this article

Scientometrics is currently edited by Wolfgang Glänzel

More articles in Scientometrics from Springer, Akadémiai Kiadó
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().