메뉴 건너뛰기




Volumn 30, Issue 1, 2010, Pages 57-64

On the importance of technological relatedness: SMEs versus large acquisition targets

Author keywords

M A; SMEs; Technological proximity

Indexed keywords

ACQUISITION TARGETS; EMPIRICAL RESULTS; SMALL AND MEDIUM-SIZED ENTERPRISE; TECHNOLOGY PORTFOLIOS;

EID: 71549166313     PISSN: 01664972     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.technovation.2009.07.006     Document Type: Article
Times cited : (80)

References (46)
  • 1
    • 0000614726 scopus 로고    scopus 로고
    • Technological acquisitions and the innovation performance of acquiring firms: a longitudinal study
    • Ahuja G., and Katila R. Technological acquisitions and the innovation performance of acquiring firms: a longitudinal study. Strategic Management Journal 22 (2001) 197-220
    • (2001) Strategic Management Journal , vol.22 , pp. 197-220
    • Ahuja, G.1    Katila, R.2
  • 3
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney J.B. Firm resources and sustained competitive advantage. Journal of Management 17 1 (1991) 99-120
    • (1991) Journal of Management , vol.17 , Issue.1 , pp. 99-120
    • Barney, J.B.1
  • 4
    • 84867930390 scopus 로고    scopus 로고
    • Knowledge-relatedness in firm technological diversification
    • Breschi S., Lissoni F., and Malerba F. Knowledge-relatedness in firm technological diversification. Research Policy (2003) 69-87
    • (2003) Research Policy , pp. 69-87
    • Breschi, S.1    Lissoni, F.2    Malerba, F.3
  • 5
    • 34547849644 scopus 로고    scopus 로고
    • Acquisitions of private versus public firms: private information, target selection and acquirer returns
    • Capron L., and Shen J.-C. Acquisitions of private versus public firms: private information, target selection and acquirer returns. Strategic Management Journal 28 (2007) 891-911
    • (2007) Strategic Management Journal , vol.28 , pp. 891-911
    • Capron, L.1    Shen, J.-C.2
  • 6
    • 17044414940 scopus 로고    scopus 로고
    • The impact of M&A on the R&D process. An empirical analysis of the role of technological and market relatedness
    • Cassiman B., Colombo M., Garrone P., and Veugelers R. The impact of M&A on the R&D process. An empirical analysis of the role of technological and market relatedness. Research Policy 34 (2005) 195-220
    • (2005) Research Policy , vol.34 , pp. 195-220
    • Cassiman, B.1    Colombo, M.2    Garrone, P.3    Veugelers, R.4
  • 9
    • 34247105916 scopus 로고    scopus 로고
    • Testing for IIA in the multinomial logit
    • Cheng S., and Long J.S. Testing for IIA in the multinomial logit. Sociological Methods and Research 35 4 (2007) 583-600
    • (2007) Sociological Methods and Research , vol.35 , Issue.4 , pp. 583-600
    • Cheng, S.1    Long, J.S.2
  • 10
    • 33744500277 scopus 로고    scopus 로고
    • Mergers and acquisitions: their effect on the innovative performance of companies in high-tech industries
    • Cloodt M., Hagedoorn J., and van Kranenburg H. Mergers and acquisitions: their effect on the innovative performance of companies in high-tech industries. Research Policy 35 (2006) 641-654
    • (2006) Research Policy , vol.35 , pp. 641-654
    • Cloodt, M.1    Hagedoorn, J.2    van Kranenburg, H.3
  • 11
    • 0000041791 scopus 로고
    • Innovation and learning: the two faces of R&D
    • Cohen W.M., and Levinthal D.A. Innovation and learning: the two faces of R&D. The Economic Journal 99 397 (1989) 569-596
    • (1989) The Economic Journal , vol.99 , Issue.397 , pp. 569-596
    • Cohen, W.M.1    Levinthal, D.A.2
  • 12
    • 84936166194 scopus 로고
    • Absorptive capacity: a new perspective on learning and innovation
    • Cohen W.M., and Levinthal D.A. Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly 35 1 (1990) 128-152
    • (1990) Administrative Science Quarterly , vol.35 , Issue.1 , pp. 128-152
    • Cohen, W.M.1    Levinthal, D.A.2
  • 13
    • 0003119680 scopus 로고
    • Fortune favors the prepared firm
    • Cohen W.M., and Levinthal D.A. Fortune favors the prepared firm. Management Science 40 2 (1994) 227-251
    • (1994) Management Science , vol.40 , Issue.2 , pp. 227-251
    • Cohen, W.M.1    Levinthal, D.A.2
  • 14
    • 33751182634 scopus 로고    scopus 로고
    • In search of complementary assets: The determinants of alliance formation of high-tech start-ups
    • Colombo, M.G., Grilli, L., Piva, E., 2006. In search of complementary assets: The determinants of alliance formation of high-tech start-ups. Research Policy 35, 1166-1199.
    • (2006) Research Policy , vol.35 , pp. 1166-1199
    • Colombo, M.G.1    Grilli, L.2    Piva, E.3
  • 15
    • 0038456739 scopus 로고
    • Vertical mergers, market power, and the antitrust laws
    • Comanor W.S. Vertical mergers, market power, and the antitrust laws. American Economic Review 57 (1967) 254-265
    • (1967) American Economic Review , vol.57 , pp. 254-265
    • Comanor, W.S.1
  • 16
    • 84970157680 scopus 로고
    • A historical comparison of resource-based theory and five schools of thought within industrial organization economics. Do we have a new theory of the firm?
    • Conner K.R. A historical comparison of resource-based theory and five schools of thought within industrial organization economics. Do we have a new theory of the firm?. Journal of Management 17 1 (1991) 121-154
    • (1991) Journal of Management , vol.17 , Issue.1 , pp. 121-154
    • Conner, K.R.1
  • 17
    • 26044435192 scopus 로고    scopus 로고
    • Extent and evolution of the productivity gap in Eastern Germany
    • Czarnitzki D. Extent and evolution of the productivity gap in Eastern Germany. Journal of Productivity Analysis 24 (2005) 211-231
    • (2005) Journal of Productivity Analysis , vol.24 , pp. 211-231
    • Czarnitzki, D.1
  • 18
    • 34548691257 scopus 로고    scopus 로고
    • Are credit ratings valuable information?
    • Czarnitzki D., and Kraft K. Are credit ratings valuable information?. Applied Financial Economics 17 13 (2007) 1061-1070
    • (2007) Applied Financial Economics , vol.17 , Issue.13 , pp. 1061-1070
    • Czarnitzki, D.1    Kraft, K.2
  • 19
    • 0001483943 scopus 로고
    • Cooperative and non-cooperative R&D in duopoly with spillovers
    • D'Aspremont C., and Jacquemin A. Cooperative and non-cooperative R&D in duopoly with spillovers. American Economic Review 78 (1988) 1133-1137
    • (1988) American Economic Review , vol.78 , pp. 1133-1137
    • D'Aspremont, C.1    Jacquemin, A.2
  • 20
    • 0000112174 scopus 로고    scopus 로고
    • Does technological convergence imply convergence in markets? Evidence from the electronics industry
    • Gambardella A., and Torrisi S. Does technological convergence imply convergence in markets? Evidence from the electronics industry. Research Policy 27 (1998) 445-463
    • (1998) Research Policy , vol.27 , pp. 445-463
    • Gambardella, A.1    Torrisi, S.2
  • 21
    • 0034362897 scopus 로고    scopus 로고
    • Incumbency and R&D incentives: licensing the gale of creative destruction
    • Gans J.S., and Stern S. Incumbency and R&D incentives: licensing the gale of creative destruction. Journal of Economics and Management Strategy 9 (2000) 485-511
    • (2000) Journal of Economics and Management Strategy , vol.9 , pp. 485-511
    • Gans, J.S.1    Stern, S.2
  • 22
    • 71549124453 scopus 로고    scopus 로고
    • Giuri, P, Mariani, M, Brusoni, S, Crespi, G, Francoz, D, Gambardella, A, Garcia-Fontes, W, Geuna, A, Gonzales, R, Harhoff, D, Hoisl, K, Lebas, C, Luzzi, A, Magazzini, L, Nesta, L, Nomaler, Ö, Palomeras, N, Patel, P, Romanelli, M, Verspagen, B, 2006. Everything you always wanted to know about inventors but never asked, evidence from the Patval-EU Survey. CEPR Discussion Paper No. 5752
    • Giuri, P., Mariani, M., Brusoni, S., Crespi, G., Francoz, D., Gambardella, A., Garcia-Fontes, W., Geuna, A., Gonzales, R., Harhoff, D., Hoisl, K., Lebas, C., Luzzi, A., Magazzini, L., Nesta, L., Nomaler, Ö., Palomeras, N., Patel, P., Romanelli, M., Verspagen, B., 2006. Everything you always wanted to know about inventors (but never asked): evidence from the Patval-EU Survey. CEPR Discussion Paper No. 5752.
  • 24
    • 0031509001 scopus 로고    scopus 로고
    • Multitechnology corporations: why they have distributed rather than core competencies?
    • Granstrand O., Patel P., and Pavitt K. Multitechnology corporations: why they have distributed rather than core competencies?. California Management Review 39 4 (1997) 8-25
    • (1997) California Management Review , vol.39 , Issue.4 , pp. 8-25
    • Granstrand, O.1    Patel, P.2    Pavitt, K.3
  • 25
    • 66149179796 scopus 로고    scopus 로고
    • Pre-empting technology competition through firm acquisitions
    • Grimpe C., and Hussinger K. Pre-empting technology competition through firm acquisitions. Economics Letters 100 (2008) 189-191
    • (2008) Economics Letters , vol.100 , pp. 189-191
    • Grimpe, C.1    Hussinger, K.2
  • 26
    • 0036194831 scopus 로고    scopus 로고
    • The effect of mergers and acquisitions on the technological performance of companies in a high-tech environment
    • Hagedoorn J., and Duysters G. The effect of mergers and acquisitions on the technological performance of companies in a high-tech environment. Technology Analysis and Strategic Management 14 (2002) 68-85
    • (2002) Technology Analysis and Strategic Management , vol.14 , pp. 68-85
    • Hagedoorn, J.1    Duysters, G.2
  • 27
    • 0002775056 scopus 로고
    • The effect of takeover activity on corporate research and development
    • Auerbach A. (Ed), University of Chicago Press, Chicago
    • Hall B.H. The effect of takeover activity on corporate research and development. In: Auerbach A. (Ed). The Economic Effects of Takeover Activity (1988), University of Chicago Press, Chicago
    • (1988) The Economic Effects of Takeover Activity
    • Hall, B.H.1
  • 29
    • 34047233367 scopus 로고    scopus 로고
    • Innovation, appropriability, and the underpricing of initial public offerings
    • Heeley M.B., Matusik S.F., and Jain N. Innovation, appropriability, and the underpricing of initial public offerings. Academy of Management Journal 50 1 (2007) 209-225
    • (2007) Academy of Management Journal , vol.50 , Issue.1 , pp. 209-225
    • Heeley, M.B.1    Matusik, S.F.2    Jain, N.3
  • 30
    • 0002286405 scopus 로고
    • Technological opportunity and spillovers of R&D: evidence from firm patents, profits and market value
    • Jaffe A.B. Technological opportunity and spillovers of R&D: evidence from firm patents, profits and market value. American Economic Review 26 (1986) 1023-1046
    • (1986) American Economic Review , vol.26 , pp. 1023-1046
    • Jaffe, A.B.1
  • 35
    • 0002500977 scopus 로고
    • Modelling the choice of residual location
    • Karlqvist A. (Ed), North Holland, Amsterdam
    • McFadden D. Modelling the choice of residual location. In: Karlqvist A. (Ed). Spatial Interaction Theory and Residential Location (1978), North Holland, Amsterdam
    • (1978) Spatial Interaction Theory and Residential Location
    • McFadden, D.1
  • 37
    • 84989113324 scopus 로고
    • The cornerstones of competitive advantage: a resource-based view
    • Peteraf M.A. The cornerstones of competitive advantage: a resource-based view. Strategic Management Journal 14 3 (1993) 179-191
    • (1993) Strategic Management Journal , vol.14 , Issue.3 , pp. 179-191
    • Peteraf, M.A.1
  • 38
    • 0035529252 scopus 로고    scopus 로고
    • Is the resource-based "view" a useful perspective for strategic management research?
    • Priem R.L., and Butler J.E. Is the resource-based "view" a useful perspective for strategic management research?. Academy of Management Review 26 1 (2001) 22-40
    • (2001) Academy of Management Review , vol.26 , Issue.1 , pp. 22-40
    • Priem, R.L.1    Butler, J.E.2
  • 39
    • 0000497946 scopus 로고
    • Uncertain innovation and the persistence of monopoly
    • Reinganum J.F. Uncertain innovation and the persistence of monopoly. American Economic Review 73 (1983) 741-748
    • (1983) American Economic Review , vol.73 , pp. 741-748
    • Reinganum, J.F.1
  • 40
    • 0001445105 scopus 로고    scopus 로고
    • Navigating the patent thicket: Cross licenses, patent pools, and standard setting
    • Jaffe, A, Lerner, J, Stern, S, Eds, Cambridge, MA, pp
    • Shapiro, C., 2001. Navigating the patent thicket: cross licenses, patent pools, and standard setting. In: Jaffe, A., Lerner, J., Stern, S. (Eds.), Innovation Policy and the Economy. Cambridge, MA, pp. 119-150.
    • (2001) Innovation Policy and the Economy , pp. 119-150
    • Shapiro, C.1
  • 41
    • 23844540645 scopus 로고    scopus 로고
    • Adverse selection in acquisitions of small manufacturing firms: a comparison of public with private targets
    • Shen J.C., and Reuer J. Adverse selection in acquisitions of small manufacturing firms: a comparison of public with private targets. Small Business Economics 24 4 (2005) 393-407
    • (2005) Small Business Economics , vol.24 , Issue.4 , pp. 393-407
    • Shen, J.C.1    Reuer, J.2
  • 42
    • 84989076141 scopus 로고
    • Corporate acquisition strategies and economic performance
    • Singh H., and Montgomery C.A. Corporate acquisition strategies and economic performance. Strategic Management Journal 8 4 (1987) 377-386
    • (1987) Strategic Management Journal , vol.8 , Issue.4 , pp. 377-386
    • Singh, H.1    Montgomery, C.A.2
  • 43
    • 34247217543 scopus 로고    scopus 로고
    • Why some acquisitions do better than others: product capital as a driver of long-term stock returns
    • Sorescu A.B., Chandy R.K., and Prahbu J.C. Why some acquisitions do better than others: product capital as a driver of long-term stock returns. Journal of Marketing Research 44 (2007) 57-72
    • (2007) Journal of Marketing Research , vol.44 , pp. 57-72
    • Sorescu, A.B.1    Chandy, R.K.2    Prahbu, J.C.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.