Study on the Effect of M&A to R&D Performance

2014 Fiscal Year Final Research Report

• Project/Area Number: 23530448
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Business administration
• Research Institution: Tokyo University of Science
• Principal Investigator: ISHII Yasuyuki 東京理科大学, その他の研究科, 教授 (10408742)
• Co-Investigator(Kenkyū-buntansha): NAGAHIRA Akio 東北大学, 工学(系)研究科(研究院), 教授 (10323122)
• Co-Investigator(Renkei-kenkyūsha): YAMADA Setsuo 専修大学, 経済学部, 教授 (70220382)
• Project Period (FY): 2011-04-28 – 2015-03-31
• Keywords: M&A / 研究開発効率 / 特許出願 / 付加価値 / 単一潜在変数モデル / 生産関数 / 技術距離

Outline of Final Research Achievements

This study focused on what impact the implementation of an M&A had on the R&D performance of the company, using the most accurate R&D result data which we have never seen before. For this purpose, we established a method for identifying the R&D results, which had affinity with the company's productivity index, to be obtained in R&D activities, both in terms of quality and quantity.
Using the identified R&D results (index), we analyzed, using regression method, whether the index increased or decreased after the implementation of M&A. As the result of our research, we found that the R&D performance decreased after the implementation of M&A. At the same time, we found such result derived from the fact that the decrease of quantitative result surpassed the increase of qualitative result of R&D performance. Further, we found the factors surrounding M&A affected R&D performance in various ways.

Free Research Field

知的財産経済論