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.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 728
- Klassifikation
-
Wirtschaft
Microelectronics; Computers; Communications Equipment
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Market Structure, Firm Strategy, and Market Performance: General
- Thema
-
Mergers & Acquisitions
Innovation Performance
Telecommunications Equipment Industry
Telekommunikationsgeräteindustrie
Fusion
Übernahme
Innovation
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gantumur, Tseveen
Stephan, Andreas
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gantumur, Tseveen
- Stephan, Andreas
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2007