Summary This study analyzes the "M&A as R&D" type of acquisition addressing the question whether acquisition experience and target familiarity influence the post-acquisition integration success in terms of innovation. We measure the influence of general acquisition experience of the acquirer,...

This study offers theory and evidence to demonstrate that the time it takes a firm to integrate external sources of information depends on the attributes of the knowledge source and firm's own internal capabilities. By assessing innovative activities by 456 dedicated U.S. biotechnology firms...

To extend the knowledge-based view of the firm, we examine how managing the dynamic balance that a firm must undertake between applying knowledge stocks and accessing knowledge flows may determine innovativeness. We found that while the effect of scientist's recruitment and alliances as two...