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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19674Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Frey, Rainer | - |
| dc.creator | Hussinger, Katrin | - |
| dc.date | 2006 | - |
| dc.date.accessioned | 2013-10-16T07:06:14Z | - |
| dc.date.available | 2013-10-16T07:06:14Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19674 | - |
| dc.identifier | ppn:523082851 | - |
| dc.identifier | RePEc:zbw:bubdp1:5194 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19674 | - |
| dc.description | Technological change is often hypothesized as one of the main drivers of merger activities. This paper analyzes the role of technology in mergers and acquisitions (M&As) at the firm level. Based on a newly created data set that combines financial information and patent data for public limited companies in Europe as well as country level variables, we apply a structural model to investigate technology-related motivations behind merger formation. Distinguishing between cross-border and domestic M&As, we find that technological relatedness of the M&A partners reduces uncertainty and the expected risk of failure associated with cross-border acquisitions significantly, whereas there is no evidence for technological complementarities driving domestic M&As. The relevance of technology for crossborder M&As further illustrates the international character of technology markets. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,45 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | O32 | - |
| dc.subject | O34 | - |
| dc.subject | G34 | - |
| dc.subject | C25 | - |
| dc.subject | ddc:330 | - |
| dc.subject | domestic versus cross-border M&As | - |
| dc.subject | technological relatedness | - |
| dc.subject | market relatedness | - |
| dc.subject | Übernahme | - |
| dc.subject | Fusion | - |
| dc.subject | Multinationales Unternehmen | - |
| dc.subject | Technologie | - |
| dc.subject | Patent | - |
| dc.subject | Schätzung | - |
| dc.subject | Welt | - |
| dc.title | The role of technology in M&As: a firm-level comparison of cross-border and domestic deals | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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