Success and Failure in Technology Acquisitions: Lessons for Buyers and Sellers.
回顾技术收购研究，分析买卖双方动机、独特挑战及提升绩效的方法，并针对跨境交易和行业竞争动态提出未来研究议程。
Executive Overview Technology acquisitions can benefit firms by providing valuable resources, increasing market power, and initiating strategic renewal. Yet despite these opportunities, technology acquisitions often present a significant challenge for both buyers and sellers. In this article, we review the research on technology acquisitions and outline what is known and what remains to be studied. First, we examine firms' motivations for engaging in technology acquisitions. Second, we explore the features and challenges that make technology acquisitions unique. Third, we summarize the research on how both buyers and sellers can improve the performance of technology acquisitions. Fourth, we propose a research agenda to address unanswered questions and emerging issues related to technology acquisitions, placing particular emphasis on cross-border deals and the effects of acquisition activity on an industry's competitive dynamics.