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
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Englisch
- Bibliographic citation
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Series: DIW Discussion Papers ; No. 728
- Classification
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Wirtschaft
Microelectronics; Computers; Communications Equipment
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Market Structure, Firm Strategy, and Market Performance: General
- Subject
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Mergers & Acquisitions
Innovation Performance
Telecommunications Equipment Industry
Telekommunikationsgeräteindustrie
Fusion
Übernahme
Innovation
Welt
- Event
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Geistige Schöpfung
- (who)
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Gantumur, Tseveen
Stephan, Andreas
- Event
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Veröffentlichung
- (who)
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Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
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Berlin
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Gantumur, Tseveen
- Stephan, Andreas
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2007