Technological overlap, technological capabilities, and resource recombination in technological acquisitions
研究了技术收购中目标方与收购方知识基础重叠的双重结构(目标重叠与收购者重叠),以及它们如何通过吸收能力、知识冗余和组织干扰影响技术能力创造的价值,并发现低目标重叠收购中创新数量减少可能被新颖性增加所抵消。
The performance of technological acquisitions depends heavily on the overlap between the knowledge bases of the target and acquirer. We argue that overlap is best viewed as two distinct constructs: target overlap, the proportion of the target's knowledge base that the acquirer already possesses, and acquirer overlap, the proportion of the acquirer's knowledge base duplicated by the target. Each affects the value created from the firms' technological capabilities differently due to absorptive capacity, knowledge redundancy, and organizational disruption. Further, the low quantity of innovations observed in acquisitions with low target overlap may conceal an offsetting increase in their novelty . Copyright © 2013 John Wiley & Sons, Ltd.