It has been suggested in the literature that the acquisition of external sources of knowledge may enhance the capacity of firms to combine exploration and exploitation. This study focuses on this issue by analyzing the role of technology-based M&As. More specifically, we investigate the effects of knowledge relatedness, realized absorption and managerial experience on the level of exploitative and explorative innovative performance. Based on a sample of 152 global M&As between firms in the bio-pharmaceutical industry, our findings confirms that technology-based M&As have a positive influence on the level of exploration and exploitation. Moreover, we found out that the level of realized absorption and managerial experience have a positive effect both on exploration and exploitation. The relationship between knowledge similarity and explorative innovation is an inverted U, whether the one between knowledge complementarity and explorative innovation is U shaped

Exploitative and explorative innovative performance : the effect of technology-based M&As / F. Belussi, I. De Noni, A. Ganzaroli, L. Orsi - In: Academy of Management. Annual Meeting Proceedings 2014[s.l] : Academy of Management, 2014. (( Intervento presentato al 74. convegno Annual meeting of the Academy of Management tenutosi a Philadelphia nel 2014 [10.5465/AMBPP.2014.14035abstract].

Exploitative and explorative innovative performance : the effect of technology-based M&As

I. De Noni;A. Ganzaroli;L. Orsi
2014

Abstract

It has been suggested in the literature that the acquisition of external sources of knowledge may enhance the capacity of firms to combine exploration and exploitation. This study focuses on this issue by analyzing the role of technology-based M&As. More specifically, we investigate the effects of knowledge relatedness, realized absorption and managerial experience on the level of exploitative and explorative innovative performance. Based on a sample of 152 global M&As between firms in the bio-pharmaceutical industry, our findings confirms that technology-based M&As have a positive influence on the level of exploration and exploitation. Moreover, we found out that the level of realized absorption and managerial experience have a positive effect both on exploration and exploitation. The relationship between knowledge similarity and explorative innovation is an inverted U, whether the one between knowledge complementarity and explorative innovation is U shaped
Innovation performance ; exploration and exploitation ; Technology-based M&A
Settore SECS-P/08 - Economia e Gestione delle Imprese
2014
http://proceedings.aom.org/
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/237478
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