Beyond knowledge bases: Towards a better understanding of the effects of M&A on technological performance

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Advances in Mergers & Acquisitions

ISSN: 1479-361X
Series editor(s): Sydney Finkelstein and Cary Cooper

Subject Area: Strategy

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Document Information:
Title:	Beyond knowledge bases: Towards a better understanding of the effects of M&A on technological performance
Author(s):	Giovanni Valentini, Alexandra Dawson
Volume:	9 Editor(s): Cary L. Cooper, Sydney Finkelstein ISBN: 978-0-85724-465-9 eISBN: 978-0-85724-466-6
Citation:	Giovanni Valentini, Alexandra Dawson (2010), Beyond knowledge bases: Towards a better understanding of the effects of M&A on technological performance, in Cary L. Cooper, Sydney Finkelstein (ed.) Advances in Mergers and Acquisitions (Advances in Mergers & Acquisitions, Volume 9), Emerald Group Publishing Limited, pp.177-197
DOI:	10.1108/S1479-361X(2010)0000009011 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Article type:	Chapter Item
Abstract:	This chapter deals with the impact of mergers and acquisitions (M&A) on technological performance. We argue that, when it provides additional technological resources, M&A promote the creation of more value in the innovation process. Instead, when it allows the redeployment of complementary assets, M&A enable more value to be captured from the innovations, and hence foster firms’ incentives in the innovation process. Hypotheses are tested on a sample of deals that were completed in the U.S. “medical devices and photographic equipment” sector in the period 1988–1996.