search query: @indexterm HIGH TECHNOLOGY / total: 696
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| Author: | Makri, M. Hitt, M.A. Lane, P.J. |
| Title: | Complementary technologies, knowledge relatedness, and invention outcomes in high technology mergers and acquisitions |
| Journal: | Strategic Management Journal
2010 : JUN, VOL. 31:6, p. 602-628 |
| Index terms: | mergers high technology industries innovation models science |
| Freeterms: | complementarity similarity |
| Language: | eng |
| Abstract: | This study develops a model of relatedness and invention (henceforth as: invtn.) performance (as: perf.) of high-technology mergers and acquisitions (M&As), considering science and technology similarity and complementarity (as: cmlty.) as important drivers of invtn. The model is tested using a sample of M&As from the drug, chemical, and electronics industries and a fine-grained measure of knowledge relatedness (as: rltss.) distinguishing btw. science and technology rltss. Among others, it is found that complementary (as: cmty.) scientific knowledge and cmty. technological knowledge both contribute to post-merger invtn. perf. by stimulating higher quality and more new inventions. |
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