Reference : On the Importance of Technology for Firm Acquisitions: SMEs versus Large Acquisition ...
Scientific journals : Article
Business & economic sciences : Strategy & innovation
http://hdl.handle.net/10993/7313
On the Importance of Technology for Firm Acquisitions: SMEs versus Large Acquisition Targets
English
Hussinger, Katrin mailto [Maastricht University]
2010
Technovation
Pergamon Press - An Imprint of Elsevier Science
Yes (verified by ORBilu)
International
0166-4972
Oxford
United Kingdom
[en] M&A ; Technological proximity ; SMEs
[en] This paper empirically investigates a sample of German domestic merger and acquisitions (M&As) in the 1990s to analyze the importance of a related technology portfolio in the decision to acquire a particular firm. The novelty of this analysis lies in the fact that the sample does not contain exclusively large firms, but also a large share of small and medium-sized enterprises (SMEs). The empirical results suggest that firms engage in M&As to strengthen their technological competencies. A related technology portfolio is, in particular, important for the decision to acquire SMEs. This suggests an information advantage of acquirers with related technologies.
Researchers ; Professionals ; Students
http://hdl.handle.net/10993/7313

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