Highly skilled and well connected: Migrant inventors in cross-border M&As

• 成果类型: Article
• 署名作者: Useche, Diego; Miguelez, Ernest; Lissoni, Francesco
• 署名单位: Universite de Rennes; Centre National de la Recherche Scientifique (CNRS); Centre National de la Recherche Scientifique (CNRS); CNRS - Institute for Humanities & Social Sciences (INSHS); Universite de Bordeaux; University of Barcelona; Bocconi University
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-018-0203-3
• 发表日期: 2020
• 页码: 737-763
• 关键词: cross-border mergers and acquisitions; migration; inventors; PCT patents

摘要

Based on a relational view of international business, we investigate the role of migrant inventors in cross-border mergers and acquisitions undertaken by R&D-active firms. We hypothesize that the migrant inventors' international social networks can be leveraged by their employers in order to identify and/or integrate relevant knowledge bases of acquisition targets in the inventors' home country. We nuance our hypothesis by means of several conditional logistic regressions on a large matched sample of deals and control cases. The impact of migrant inventors increases with the distance between countries and for targets located in countries with weak administrative/legal systems, as well as when targets are either innovative or belong to high-tech sectors or to the same sector as the acquirer, and for full versus partial acquisitions.