Highly-skilled migrants and Cross-border M&A: Firm-level evidence

Francesco Lissoni, Diego Useche and Ernest Miguelez

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Abstract: Based on a relational view of international business, we investigate the role of migrant inventors in cross-border mergers and acquisitions undertaken by R&D-active firms. We hypothesize that the migrant inventors' international social networks can be leveraged by their employers in order to identify and/or integrate relevant 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: PCT patents; inventors; cross-border mergers and acquisitions; migration (search for similar items in EconPapers)
Date: 2020-07
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Citations: View citations in EconPapers (8)

Published in Journal of International Business Studies, 2020, 51 (5), pp.737-763. ⟨10.1057/s41267-018-0203-3⟩

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Related works:
Working Paper: Highly-skilled migrants and Cross-border M&A: Firm-level evidence (2020)
Working Paper: Highly-skilled migrants and Cross-border M&A: Firm-level evidence (2018)
Working Paper: Highly-skilled migrants and Cross-border M&A: Firm-level evidence (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02271307

DOI: 10.1057/s41267-018-0203-3

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