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An exploration of innovation performance in M&A transactions
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Autores
Orientador(es)
Resumo(s)
Innovation and M&A activities have been the driving forces of companies’ growth and
expansion. However, literature examining the actual link between innovation and M&A has
remained limited with mixed results but growing attention. This study seeks to shed light on the
impact of M&A on acquiror’s post deal innovation performance and further examines the role
of innovation as a motive. By using quantitative analysis and R&D spendings as key indicators,
the study concludes that the target’s R&D level negatively impacts acquirors’ post innovation
performance but further suggeststhat companiesseek to target firms with higher R&D intensities
than themselves.
Descrição
Palavras-chave
M&A Firm performance Innovation R&D Return on research capital R&D intensity