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Differential effects of pre- and post-acquisition R&D expenditures on post-acquisition performance

Le, Son A.; Park, Jung Chul; Kroll, Mark - In: Journal of Business Research 67 (2014) 2, pp. 92-99

&D (explorative and exploitative) and the timing of R&D investments (pre- and post-acquisitions) have differential effects on post-acquisition … performance. By using a sample of 396 technology acquisitions, we find that pre-acquisition explorative and post-acquisition R …&D expenditures are more beneficial for post-acquisition performance than are pre-acquisition exploitative and post-acquisition …

Persistent link: https://www.econbiz.de/10010729976

Can Firms Learn to Acquire? Do Markets Notice?

Zollo, Maurizio; Leshchinkskii, Dima - Financial Institutions Center, Wharton School of Business - 2000

Using financial, accounting and questionnaire response data we investigate the post-acquisition performance of 47 US … post-acquisition performance, and to test whether the financial markets efficiently predict performance outcomes by … incorporating public information about the acquiring firm into the stock price following the acquisition announcement.<p> <p …

Persistent link: https://www.econbiz.de/10005794438

Productivity, Innovation Creation and Absorption, and R&D: Micro Evidence for Italy

Schiantarelli, Fabio; Parisi, Maria Laura; Sembenelli, … - Department of Economics, Boston College - 2002

that, in our sample, R&D affects productivity growth by facilitating the absorption of new technologies. …

Persistent link: https://www.econbiz.de/10005074173

Organisation and location of academic sourcing at the firm level

Lhuillery, Stéphane - Chaire en Économie et Management de l'Innovation … - 2005

Thanks to the second French Community Innovation Survey, a measurement of the importance of public research organisations as a useful source of innovation for manufacturing firms is available. We thus provide an exploratory econometric model where the internal R&D organisation and location of...

Persistent link: https://www.econbiz.de/10004984620

How do employees adapt to organizational change driven by cross-border M&As? A case in China

Chung, Goo Hyeok; Du, Jing; Choi, Jin Nam - In: Journal of World Business 49 (2014) 1, pp. 78-86

Globalization has encouraged merger and acquisitions (M&As) across countries. We propose a theoretical model that explains the process through which employees adapt to changes introduced by cross-border M&As. Empirical analyses based on 174 Chinese employees who experienced an unexpected M&A...

Persistent link: https://www.econbiz.de/10010719772

R&D and absorptive capacity: from theory to data

Griffith, Rachel; Redding, Stephen; Reenen, John Van - Institute for Fiscal Studies (IFS) - 2001

This paper presents a unified model that integrates the theoretical literatue on Schumpeterian endogenous growth, the microeconometric literature on R&D and productivity, and the empirical literature on productivity convergence. Starting from a structural model of endogenous growth following...

Persistent link: https://www.econbiz.de/10005509523

Technology Trade

Groizard, José L. - Departament d'Economia Aplicada, Facultat de Ciències … - 2008

This study addresses the question of why some countries import more R&D- intensive goods than others. Using a panel data set of 80 countries for the period 1970 to 1995, results indicate that domestic investment, FDI and the quality of intellectual property rights (IPR) systems positively affect...

Persistent link: https://www.econbiz.de/10005612455

Absorptive Capacity – One Size Fits All? A Firm-level Analysis of Absorptive Capacity for Different Kinds of Knowledge

Schmidt, Tobias - EconWPA - 2005

The paper empirically analyses the effect of R&D activities, human resource and knowledge management, and the organisation of knowledge sharing within a firm on the absorptive capacity of innovative firms for three different types of knowledge, namely absorptive capacity to use knowledge from a...

Persistent link: https://www.econbiz.de/10005412880

R&D and Technology Spillovers through FDI: Innovation and Absorptive Capacity

Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2001

This Paper examines the effects of two faces of R&D (innovation and development of absorptive or learning capacity) and technology spillovers from FDI (foreign direct investment) on a firm’s productivity growth. Using firm-level panel data on Czech manufacturing firms between 1995 and 1998, I...

Persistent link: https://www.econbiz.de/10005504497

"Learning-by-Licensing": R&D and Technology Licensing in Brazilian Invention

Johnson, Daniel - In: Economics of Innovation and New Technology 11 (2002) 3, pp. 163-177

This paper models the decision of a firm to engage in innovative activity and to protect the results of that activity. Using a unique firm-level dataset collected for this purpose, estimation indicates that the interactions between current R&D and past licensing are prime contributors to...

Persistent link: https://www.econbiz.de/10005141158