By Bruno Cassiman and Massimo G. Colombo

‘The volume provides provocative new insights into the dynamic relationship between two of the most strategic priorities for 21st century firms: technological innovation and M&As. It does so by bringing together in a novel way the literature on these two different areas of firm activity and by adding economic theory and advanced empirical methods (both qualitative and quantitative) to the management literature on the subject. The analysis proves remarkably fruitful, finally creating less uncertainty and inconclusiveness around the empirics of post M&A performance. By developing a broad set of measures on innovation for assessing the impact of M&A on innovation, and by relying on fascinating case studies on individual M&As (rather than just using R&D expenditures, patent counts, etc.), the authors are able to document the importance for post M&A performance of dynamic factors like market and technology relatedness (between partners) – findings that have critical implications for economic theorists, business practitioners and policymakers.’ – Mariana Mazzucato, Open University, UK

This book examines the issue of mergers and acquisitions (M&As) in the context of technological development, and in particular the impact of M&As on the innovation process. In so doing, the book integrates two bodies of literature, on M&As, and on innovation studies, a nexus which the editors contend represents an important step in the advancement of our understanding of both with clear implications for competitive advantage and growth of firms. Drawing on perspectives from both management and economics, the book offers a cohesive blend of theory, methodology, and a wealth of empirical material.

Published Year: 2006 Format: Hard Back ISBN: 978 1 84542 659 0 Publisher: Edward Elgar Publishing No of Pages: 224 Our Price: £ 53.96 Reviews: 0 reivew(s).

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