Arbeitspapier

Mergers & acquisitions and innovation performance in the telecommunications equipment industry

The telecommunications in the 1990s witnessed an enormous worldwide round of Mergers & Acquisitions (M&A). This paper examines the innovation determinants of M&A activity and the consequences of M&A transactions on the technological potential and the innovation performance. We examine the telecommunications equipment industry over the period 1988-2002 using a newly constructed data set with firm-level data describing M&A and innovation activity as well as financial characteristics. Based on a matching propensity score procedure, the study provides evidence that M&A realize significantly positive changes to the firm's post-merger innovation performance.

Language
Englisch

Bibliographic citation
Series: DIW Discussion Papers ; No. 728

Classification
Wirtschaft
Microelectronics; Computers; Communications Equipment
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Market Structure, Firm Strategy, and Market Performance: General
Subject
Mergers & Acquisitions
Innovation Performance
Telecommunications Equipment Industry
Telekommunikationsgeräteindustrie
Fusion
Übernahme
Innovation
Welt

Event
Geistige Schöpfung
(who)
Gantumur, Tseveen
Stephan, Andreas
Event
Veröffentlichung
(who)
Deutsches Institut für Wirtschaftsforschung (DIW)
(where)
Berlin
(when)
2007

Handle
Last update
10.03.2025, 11:42 AM CET

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Object type

  • Arbeitspapier

Associated

  • Gantumur, Tseveen
  • Stephan, Andreas
  • Deutsches Institut für Wirtschaftsforschung (DIW)

Time of origin

  • 2007

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