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The impact of technological M&As on innovative performance of listed companies

  • Chengyu Wen*
  • , Zhixin Liu
  • *Corresponding author for this work
  • Beihang University

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

This article selects the patent number as an innovation performance alternative variable to test the impact of technology mergers on the innovative performance in high-tech industries listed companies empirically by using the panel data negative binomial regression model. It shows that non-technical merger acquisition has no significant influence on the innovation achievements for a company; the absolute size of the acquired knowledge base makes a positive impact on the innovative performance of the acquiring firm; while the relative size of the acquired knowledge base has a negative effect on the innovative performance of the acquiring firm. These results provide the empirical basis of technology mergers & acquisitions for the listed company.

Original languageEnglish
Title of host publication2010 2nd International Conference on Computational Intelligence and Natural Computing, CINC 2010
Pages187-190
Number of pages4
DOIs
StatePublished - 2010
Event2010 2nd International Conference on Computational Intelligence and Natural Computing, CINC 2010 - Wuhan, China
Duration: 13 Sep 201014 Sep 2010

Publication series

Name2010 2nd International Conference on Computational Intelligence and Natural Computing, CINC 2010
Volume2

Conference

Conference2010 2nd International Conference on Computational Intelligence and Natural Computing, CINC 2010
Country/TerritoryChina
CityWuhan
Period13/09/1014/09/10

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