Highly skilled and well connected: Migrant inventors in Cross-Border M&As
Diego Useche (),
Ernest Miguelez () and
Francesco Lissoni ()
Cahiers du GREThA from Groupe de Recherche en Economie Théorique et Appliquée(GREThA)
Based on a relational view of international business, we investigate the role of migrant inventors in Cross-Border Merger & Acquisitions (CBM&As) undertaken by R&D-active firms. We hypothesize that the migrant inventors’ international social networks can be leveraged upon by their employers in order to spot and/or integrate the knowledge bases of acquisition targets in the inventors’ home country. We nuance our hypothesis by means of several conditional logistic regressions on a large matched sample of deals and control cases. The impact of migrant inventors increases with the distance between countries and for targets located in countries with weak administrative/legal systems, as well as when targets are either innovative or belong to high-tech sectors or to the same sector as the acquirer, and for full versus partial acquisitions.
Keywords: cross-border mergers and acquisitions; migration; inventors; PCT patents (search for similar items in EconPapers)
JEL-codes: F22 F23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ino, nep-int, nep-mig, nep-soc and nep-ure
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Working Paper: Highly Skilled and Well Connected: Migrant inventors in Cross-Border M&As (2019)
Working Paper: Highly skilled and well connected: Migrant inventors in cross-border M&As (2019)
Working Paper: Highly Skilled and Well Connected: Migrant inventors in Cross-Border M&As (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2019-03
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