The Effects of Technological Acquisition on Innovation Performance — Analyzing from the Perspective of Technical Characteristics

Abstract

Based the perspective of technology, this paper investigates how technological acquisition affect post-acquisition innovation by distinguishing the dimensions of similarity and complementarity of technology between acquired company and acquiring company. The results shows there is an inverted-U relationship between similar technology and post-acquisition innovation ,and there is an U relationship between complementary technology and post-acquisition innovation .In addition, the size of knowledge base of acquirer has an adjustment function. It will moderate the relationship between the similar technology and post-acquisition negatively; and it will moderate the relationship between the complementary technology and post-acquisition positively.