The Impact of Technological Acquisitions on Innovation Quality

Philipp Buss ()
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Philipp Buss: Ulm University

Chapter Chapter 9 in Technology Transfer in a Global Economy, 2012, pp 143-160 from Springer

Abstract: Abstract In recent years M&A has been as a prominent strategy in the context of inter-firm technology transfer. Prior literature has evaluated the latter by using different types of post-merger innovation measurements. In this connection the chapter provides a framework to analyze the effects of corporate acquisitions on innovation quality. The approach presumes that an acquirer’s post-merger innovation outcome is a function of learning capabilities with respect to recent technologies. We investigate a sample of German domestic and cross-border takeovers, in order to analyze the ex-ante determinants of post-merger innovation quality. The data is based on patent information from the German Patent and Trade Mark Office. The results show that especially middle-aged and specialized acquirers achieve improved innovation quality subsequent to takeovers. Furthermore, the measurement via patent citations allows a more direct consideration of the value created by corporate acquisitions.

Keywords: Absorptive Capacity; External Knowledge; Patent Citation; International Patent Classification; Innovation Quality (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:inschp:978-1-4614-6102-9_9

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DOI: 10.1007/978-1-4614-6102-9_9

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