Publication
An exploration of innovation performance in M&A transactions
| Summary: | Innovation and M&A activities have been the driving forces of companies’ growth and expansion. However, literature examining the actual link between innovation and M&A has remained limited with mixed results but growing attention. This study seeks to shed light on the impact of M&A on acquiror’s post deal innovation performance and further examines the role of innovation as a motive. By using quantitative analysis and R&D spendings as key indicators, the study concludes that the target’s R&D level negatively impacts acquirors’ post innovation performance but further suggeststhat companiesseek to target firms with higher R&D intensities than themselves. |
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| Main Authors: | Wallner, Florian |
| Subject: | M&A Firm performance Innovation R&D Return on research capital R&D intensity |
| Year: | 2023 |
| Country: | Portugal |
| Document type: | master thesis |
| Access type: | open access |
| Associated institution: | Universidade Nova de Lisboa |
| Language: | English |
| Origin: | Repositório Institucional da UNL |
| Summary: | Innovation and M&A activities have been the driving forces of companies’ growth and expansion. However, literature examining the actual link between innovation and M&A has remained limited with mixed results but growing attention. This study seeks to shed light on the impact of M&A on acquiror’s post deal innovation performance and further examines the role of innovation as a motive. By using quantitative analysis and R&D spendings as key indicators, the study concludes that the target’s R&D level negatively impacts acquirors’ post innovation performance but further suggeststhat companiesseek to target firms with higher R&D intensities than themselves. |
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