Technological Innovation and Acquisitions

Published Online:https://doi.org/10.1287/mnsc.1090.1018

References

  • Abadie A., Imbens G. W. Simple and bias-corrected matching estimators. (2002) . Working paper, University of California, BerkeleyCrossrefGoogle Scholar
  • Ahuja G., Katila R. Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study. Strategic Management J. (2001) 22:197–220CrossrefGoogle Scholar
  • Andrade G., Stafford E. Investigating the economic role of mergers. J. Corporate Finance (2004) 10:1–36CrossrefGoogle Scholar
  • Andrade G., Mitchell M., Stafford E. New evidence and perspectives on mergers. J. Econom. Perspectives (2001) 15:103–120CrossrefGoogle Scholar
  • Atanassov J., Nanda V., Seru A. Finance and innovation: The case of publicly traded firms. (2006) . Working paper, University of Oregon, EugeneGoogle Scholar
  • Bradley M., Desai A., Kim E. H. Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms. J. Financial Econom. (1988) 21:3–40CrossrefGoogle Scholar
  • Chesbrough H. W.Open Innovation: The New Imperative for Creating and Profiting from Technology (2003) (Harvard Business School Press, Boston) Google Scholar
  • DiMasi J. A. New drug development in U.S. 1963–1999. Clinical Pharmacology Therapeutics (2001) 69:286–296CrossrefGoogle Scholar
  • Fama E., French K. Industry costs of capital. J. Financial Econom. (1997) 43:153–193CrossrefGoogle Scholar
  • Griliches Z. Patent statistics as economic indicators: A survey. J. Econom. Literature (1990) 28:1661–1707Google Scholar
  • Griliches Z., Pakes A., Hall B. H., Dasgupta P., Stoneman P. The value of patents as indicators of inventive activity. Economic Policy and Technological Performance (1987) (Cambridge University Press, Cambridge, New York) . Chap. 4CrossrefGoogle Scholar
  • Hagedoorn J., Duysters G. The effect of mergers and acquisitions on the technological performance of companies in a high-tech environment. (2000) . Working paper, University of Maastricht, Maastricht, The NetherlandsGoogle Scholar
  • Hall B. H. The impact of corporate restructuring on industrial research and development. Brookings Papers Econom. Activity (1990) 1:85–136CrossrefGoogle Scholar
  • Hall B. H. Mergers and R&D revisited. (1999) . Working paper, University of California, BerkeleyGoogle Scholar
  • Hall B. H., Griliches Z., Hausman J. Patents and R&D: Is there a lag? Internat. Econom. Rev. (1986) 27(2):265–283CrossrefGoogle Scholar
  • Hall B. H., Jaffe A., Trajtenberg M. The NBER patent citation data files: Lessons, insights and methodological tools. (2001) . NBER Working Paper 8498, National Bureau Economic Research, Cambridge, MACrossrefGoogle Scholar
  • Healy P. M., Palepu K. G., Ruback R. S. Does corporate performance improves after mergers? J. Financial Econom. (1992) 31:135–175CrossrefGoogle Scholar
  • Higgins M. J., Rodriguez D. The outsourcing of R&D through acquisitions in the pharmaceutical industry. J. Financial Econom. (2006) 80:351–383CrossrefGoogle Scholar
  • Hitt M. A., Hoskisson R. E., Ireland R. D., Harrison J. S. Effects of acquisitions on R&D inputs and outputs. Acad. Management J. (1991) 34:693–706CrossrefGoogle Scholar
  • Holmstrom B., Kaplan S. Corporate governance and merger activities in the United States: Making sense of the 1980s and 1990s. J. Econom. Perspectives (2001) 15:121–144CrossrefGoogle Scholar
  • Jarrell G. A., Brickley J. A., Netter J. M. The market for corporate control: The empirical evidence since 1980. J. Econom. Perspectives (1988) 2:49–68CrossrefGoogle Scholar
  • Jensen M. C., Ruback R. S. The market for corporate control: The scientific evidence. J. Financial Econom. (1983) 11:5–50CrossrefGoogle Scholar
  • Lerner J., Wulf J. Innovation and incentives: Evidence from corporate R&D. Rev. Econom. Statist. (2007) 87:634–644CrossrefGoogle Scholar
  • Loughran T., Vijh A. M. Do long-term shareholders benefit from corporate acquisitions? J. Finance (1997) 52:1765–1790CrossrefGoogle Scholar
  • Moeller S. B., Schlingemann F. P., Stulz R. M. Firm size and the gains from acquisitions. J. Financial Econom. (2004) 73:201–228CrossrefGoogle Scholar
  • Moeller S. B., Schlingemann F. P., Stulz R. M. Wealth destruction on a massive scale: A study of acquiring firm returns in the merger wave of the late 1990s. J. Finance (2005) 60:757–782CrossrefGoogle Scholar
  • Rau R. P., Vermaelen T. Glamour, value and the post-acquisition performance of acquiring firms. J. Financial Econom. (1998) 49:223–253CrossrefGoogle Scholar
  • Trajtenberg M. A penny for your quotes: Patent citations and the value of innovations. RAND J. Econom. (1990) 21:172–187CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.