Mergers Along the Global Supply Chain: Information Technologies and Routine Tasks
实证分析信息技术如何改变全球供应链组织，发现信息技术对南北垂直并购数量的促进作用随行业常规任务强度递减，因为信息技术改善了监控机制。
Abstract This paper empirically analyses how the adoption of Information Technologies (IT) has changed the organization of global supply chains. We focus on international mergers, which are a growing and important component of foreign direct investment. We use data on North–South mergers and acquisitions (M&As). We show that the effect of IT adoption on the number of vertical M&As is decreasing with the routine intensity of the industry. Our interpretation is that the IT revolution enabled new monitoring mechanisms. This allowed Northern headquarters to better monitor suppliers, especially those in less routine‐intensive industries –which were harder to monitor before.