El impacto de las fusiones y adquisiciones en la innovación.

Abstract

With both M&Aand innovation being centerpieces of today's competitive strategy development, it is important to understand the consequences of M&Atransactions on the innovative potential of firms. In this article we argue that the impact of M&Aon R&D and innovation depends on the technology and market relatedness between the target and the acquirer and that the key to realizing the innovation potential of the M&Alays in a careful understanding of how the integration process affects the innovation process depending on this relatedness between the M&Apartners.