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The Impact of Technological Acquisitions on Innovation Performance: An Empirical Examination on Taiwan Electronics Industry
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This paper examines the impact of technological acquisitions on innovation performance in Taiwan electronics industry. We further explore how the integration policy and the characteristic between bilateral firms' knowledge bases affect the innovation output. According to prior literature, this paper use patents growth rate and R&D productivity to measure innovation performance. The sample of our research includes all technological acquiring firms listed in Twain Stock Exchange from 1999 to 2008. We find the innovation performance decrease after technological acquisitions. The preservation of autonomous for target firm is positively associated with innovation output and the relatedness of acquired and acquiring knowledge bases enhances innovation performance, while relative size of the acquired knowledge base reduces innovation output.
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