Integration, network and industrial innovation in technology sourcing overseas M&A: a comparison between China and South Korea

被引:12
作者
Chen, Feiqiong [1 ]
Li, Xueying [1 ]
Meng, Qiaoshuang [1 ]
机构
[1] Zhejiang Univ, Sch Econ, 38 Zheda Rd, Hangzhou 310027, Zhejiang, Peoples R China
基金
中国国家自然科学基金;
关键词
Post-merger integration; industrial innovation; innovation network; international comparison; STRUCTURAL HOLES; ACQUISITION PERFORMANCE; COLLABORATION NETWORKS; KNOWLEDGE; FIRMS; PRODUCTIVITY; CAPABILITIES; PERSPECTIVE; INVENTORS; DISTANCE;
D O I
10.1080/09537325.2019.1598554
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Appropriate integration in technology sourcing overseas M&A is effective for acquirers to improve their innovation network positions and to promote domestic industrial innovation. We use the technology sourcing overseas M&A of Chinese and South Korean manufacturing industries as samples for empirical analysis. The results show that post-merger integration strategy should match resource characteristics between acquiring and acquired firms to promote industrial innovation through innovation network position improvement. Specifically, high-degree integration should match high-resource-similarity / low-resource-complementarity acquired firms, low-degree integration should match low-resource-similarity / high-resource-complementarity acquired firms, and moderate-degree integration should match high-resource-similarity / high-resource-complementarity acquired firms. The acquirer's home country institutional development enhances the effect of post-merger integration. This study provides guidance for promoting industrial innovation through post-merger integration.
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页码:1168 / 1183
页数:16
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