The Impact of Technological Relatedness on Firm Performance after Acquisitions
| Project/Area Number |
16K13390
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Multi-year Fund |
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| Research Field |
Management
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| Research Institution | Waseda University |
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Principal Investigator |
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| Co-Investigator(Renkei-kenkyūsha) |
SAYAMA Hiroki Binghamton University, Department of Systems Science and Industrial Engineering, Professor (30345425)
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| Research Collaborator |
ASADA Yuki 日本アイ・ビー・エム株式会社, プロジェクト, マネージャー
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| Project Period (FY) |
2016-04-01 – 2018-03-31
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| Project Status |
Completed (Fiscal Year 2017)
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| Budget Amount *help |
¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2017: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2016: ¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
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| Keywords | 合併買収 / 技術的距離 / イノベーション / 財務的パフォーマンス / 特許データ / 特許 / 経営学 / 合併 / 技術 / 技術的知識 |
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| Outline of Final Research Achievements |
This study examines how technological relatedness between acquiring and acquired firms influences after-acquisition performance, measured based on financial and innovation outputs. Its sample is acquisitions implemented by Japanese listed firms from 1997 to 2006. Using patent data, reflecting longitudinal change in patent ownership, I measured inter-firm technological relatedness using network analysis. Preliminary results are that technological relatedness between acquiring and acquired firms has a curvilinear impact on the acquiring firm’s cumulative abnormal return and the number of registered patents after its acquisition.
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Report
(3 results)
Research Products
(4 results)
