Explaining the Effect of M&amp;A on Technological Performance

Guardo, Maria Chiara Di; Valentini, Giovanni

doi:10.1016/s1479-361x(07)06005-x

Cited by 10 publications

(8 citation statements)

References 42 publications

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“…Besides, [32] showed that the analysis of the technology trends is more reliable when examining big portfolios, the bias rises significantly for firms with a few patents. Patent analysis can be used in the evaluation of mergers and acquisitions, and alliances, referring to the different aspects concerning the transaction, for example, the targeting, the due-diligence, the target's or acquirer's inventive performance [7], [8], and [9].…”

Section: Measuring Innovation Quality: a Patent Analysismentioning

confidence: 99%

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Measuring Innovation Quality: A Patent Analysis

Marku

2018

SSRN Journal

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Patents have been widely used in innovation literature as a reliable and meaningful measure of innovation performance. However, existing research has mostly used the mere number of patents as a rough indicator of innovation success, lacking to provide insights on innovation quality. Additionally, less is known about how firms are grouped in highly competitive markets and which are the strategies adopted in their inventive activities. To better understand these dynamics, this paper aims to investigate the innovation quality of firms operating in a high-tech industry employing multiple patent-based indicators. Explorative findings on patent strategies as well as patent trends are discussed.

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Section: Measuring Innovation Quality: a Patent Analysismentioning

confidence: 99%

“…Patents have been broadly used in innovation literature as a reliable and meaningful measure of innovation performance [1], [2], [3], [4], [5], [6], [7], [8], and [9]. By definition, patents grant to their owners an exclusive monopoly over the use of a novel, non-obvious, and industrially applicable invention.…”

Section: Introductionmentioning

confidence: 99%

Measuring Innovation Quality: A Patent Analysis

Marku

2018

SSRN Journal

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“…Literature on cross-border M&A has shown that the choices between full or partial acquisitions are influenced by firms characteristics (Brouthers and Hennart 2007), as well as features of the target country characteristics (Hakkala and Svaleryd 2008;Canabal and White 2008). These may be referred to as internal (endogenous) and external (exogenous) factors (Di Guardo and Valentini 2007). Internal factors are organizational characteristics that are expected to reduce or increase the benefits of shared ownership and the costs of integrating the business strategy and operations of the target firm with the acquiring firm.…”

Section: H1mentioning

confidence: 99%

The effect of local corruption on ownership strategy in cross-border mergers and acquisitions

Guardo

Marrocu

Paci

2016

Journal of Business Research

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“…Di Guardo and Valentini (2007), for example, note that the effects of M&As on firms' technological performance are complex as they simultaneously alter the resources firms can use in their innovation process as well as the incentive structure related to the innovation process. Hagedoorn and Duysters (2002), for example, study the global computer industry and find that linking up to more R&D intensive companies generates strong results in terms of higher technological performance.…”

Section: Importance Of Mandas In Firms' Overall Business Strategymentioning

confidence: 99%

The Law and Economics of Enhancing Cartel Enforcement: Using Information from Non-Cartel Investigations to Prosecute Cartels

Ghosal

2011

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The Law and Economics of Enhancing Cartel Enforcement: Using Information from Non-Cartel Terms of use: Documents inInvestigations to Prosecute Cartels Abstract I present the following proposal: information revealed during non-cartel investigations by competition law enforcement authorities, such as evaluation of M&As or investigation of monopolization (dominance) conduct, should be directly used to investigate and prosecute cartels. Currently, in several jurisdictions, information acquired in, for example, a M&A investigation typically cannot be directly used for a cartel case due to the underlying statutes and the legal and administrative procedures that govern information use. Reviewing the management and corporate strategy literature, I note that M&As form a vital part of firms' core business strategy, with the longer-run strategic aspects being more important. These longer-run strategies could be jeopardized if the firms were engaging in collusion, as the likelihood of detection and prosecution would increase under the proposed rule change, which would punish bad (collusive) behavior. I argue that irrespective of exactly how many cartels are actually prosecuted via this channel, the proposal has the likelihood of creating a meaningful deterrence effect. I also discuss the potential downsides related to Type 1 errors and administrative costs. Overall, I argue that the proposed rule change could increase the efficiency and effectiveness of cartel enforcement, and open an additional front in the fight against hardcore cartels that operate within jurisdictions as well as internationally.

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Explaining the Effect of M&A on Technological Performance

Cited by 10 publications

References 42 publications

Measuring Innovation Quality: A Patent Analysis

Measuring Innovation Quality: A Patent Analysis

The effect of local corruption on ownership strategy in cross-border mergers and acquisitions

The Law and Economics of Enhancing Cartel Enforcement: Using Information from Non-Cartel Investigations to Prosecute Cartels

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