scholarly journals Mergers and Acquisitions (M&As) in High-Tech Industries : measuring the post-M&A innovative performance of companies

2005 ◽  
Author(s):  
M.M.A.H. Cloodt
Keyword(s):  
Mergers And Acquisitions ◽  
High Tech ◽  
Innovative Performance

Mergers and acquisitions: Their effect on the innovative performance of companies in high-tech industries

2006 ◽  
Vol 35 (5) ◽  
pp. 642-654 ◽  
Author(s):  
Myriam Cloodt ◽  
John Hagedoorn ◽  
Hans Van Kranenburg
Keyword(s):  
Mergers And Acquisitions ◽  
High Tech ◽  
Innovative Performance

Mergers and acquisitions in the hightech industry: a literature review

2013 ◽  
Vol 21 (1) ◽  
pp. 66-82 ◽  
Author(s):  
Matteo Rossi ◽  
Shlomo Yedidia Tarba ◽  
Amos Raviv
Keyword(s):  
Literature Review ◽  
Mergers And Acquisitions ◽  
Value Creation ◽  
Design Methodology ◽  
Business Development ◽  
Critical Examination ◽  
High Tech ◽  
Review Of Literature ◽  
Content Type ◽  
Start Ups

PurposeAs a result of the impressive wave of mergers and acquisitions (M&As) in recent years, operations that were traditionally considered to be extraordinary have become common business development options. M&As have produced mixed results for their stakeholders, which resulted in extensive economics debate, albeit without a systemic vision. As a result, the M&A literature has not yet developed a paradigm and the purpose of this paper is to present a review of the existing literature.Design/methodology/approachThe authors carried out a review of literature on M&As in technology‐driven sectors.FindingsThe critical examination of the innovation and value creation processes in M&As in hightech industry provides new insights for incumbent executives and can better plan and implement M&As deals.Originality/valueSince 1990 there has been a major expansion of M&As in high‐tech sectors, many involving the acquisition of small and young start‐ups. To address this important topic the authors present here a review of literature on M&As in technology‐driven sectors.

Matching Industries between Target and Acquirer in High-Tech Mergers and Acquisitions

2002 ◽  
Vol 14 (2) ◽  
pp. 149-162 ◽  
Author(s):  
Kevin H. Kennedy ◽  
G. Tyge Payne ◽  
Carlton J. Whitehead
Keyword(s):  
Mergers And Acquisitions ◽  
High Tech

THE ROLE OF MERGERS AND ACQUISITIONS IN THE DEVELOPMENT OF OPERATIONAL CAPITAL GROUPS FROM HIGH AND LOW TECHNOLOGY SECTORS

2021 ◽  
Vol 22 (2) ◽  
pp. 37-51
Author(s):  
Krzysztof Melnarowicz
Keyword(s):  
Mergers And Acquisitions ◽  
Case Studies ◽  
High Technology ◽  
Specific Role ◽  
High Tech ◽  
Main Research ◽  
Research Questions

This article presents the analyses the role of M&A transactions in the development of operational capital groups from the perspective of high and low technology sectors. Two main research questions were asked: 1. what is the role of M&A in the development and competitiveness of operational capital groups; 2. is there specificity in the role of M&A transactions of operational capital groups in high and low technology sectors? The purpose of this article is to tentatively find, based on two case studies, the specific role of mergers and acquisitions in the development of operational capital groups in low and high technology sectors. In order to initially answer the questions asked, two case studies, one each from the high-tech and low-tech sectors, were conducted. Finally, it was recommended that a larger study be conducted on operational capital groups, which could confirm the validity of the preliminary answers to the research questions asked.

Role of Stock Markets in Stimulating Innovation Processes

2020 ◽  
Vol 64 (11) ◽  
pp. 31-41
Author(s):  
Z. Mamedyarov
Keyword(s):  
Stock Market ◽  
Mergers And Acquisitions ◽  
Stock Markets ◽  
Financial Sector ◽  
High Tech ◽  
Over The Counter ◽  
Financing Mechanism ◽  
Start Ups ◽  
The U.S

The paper deals with the role of the stock market in innovative development, basically in case of the U. S. The author shows how the NASDAQ has provided tangible financial incentives for growth of high-tech industries, emphasizes the relationship between innovation and the financial sector, the importance of competition for capital in technological development. It is shown that the development of NASDAQ and increased competition of stock markets allowed high-tech U.S. companies to benefit from country’s strong financial sector and specialized market structures. The prerequisites for the successful emergence of biotech and ICT start-ups, as well as the venture market in the U.S. are still strongly connected with stock markets. However, the comparative analysis also revealed growing global competition from the Chinese stock markets. At the same time, in the last decade a new bubble is emerging on the U.S. stock market, which, as shown by the analysis of the median revenues of the major companies, differs from similar situations before the dot-com crisis and before the 2008–2009 crisis. Revenues of the largest companies in recent years have been growing along with their capitalization, which suggests that the bubble may take much longer to collapse than before. The author also shows the intensification of competition between stock exchanges and over-the-counter financing mechanisms for innovative companies: SME acquisitions by major corporations, intensification of mergers and acquisitions around the world. The role of mergers and acquisitions, which have become an alternative to IPOs, has become increasingly important over the past decade as a financing mechanism for innovative companies. In the last decade, the ICT-companies have dominated by market capitalization and gained sufficient market power to meet the demand for new developments and acquisitions of start-ups. This over-the-counter financing mechanism increases market uncertainty and may contribute to suboptimal solutions in the high-tech sector. However, the author found that the observed decline in U.S. IPOs is primarily affecting the ICT sector, while pharmaceutical and biotech companies continue to be actively listed.

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