TECHNOLOGICAL OVERLAP, TECHNOLOGICAL CAPABILITIES, AND RESOURCE RECOMBINATION IN TECHNOLOGICAL ACQUISITIONS

• 成果类型: Article
• 署名作者: Sears, Joshua; Hoetker, Glenn
• 署名单位: University System of Georgia; Georgia State University; Arizona State University; Arizona State University-Tempe
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2083
• 发表日期: 2014
• 页码: 48-67
• 关键词: acquisitions; resource recombination; technological overlap; INNOVATION; capabilities

摘要

The performance of technological acquisitions depends heavily on the overlap between the knowledge bases of the target and acquirer. We argue that overlap is best viewed as two distinct constructs: target overlap, the proportion of the target's knowledge base that the acquirer already possesses, and acquirer overlap, the proportion of the acquirer's knowledge base duplicated by the target. Each affects the value created from the firms' technological capabilities differently due to absorptive capacity, knowledge redundancy, and organizational disruption. Further, the low quantity of innovations observed in acquisitions with low target overlap may conceal an offsetting increase in their novelty. Copyright (c) 2013 John Wiley & Sons, Ltd.