Mergers and Acquisitions

Mergers and Acquisitions

The Innovation Impact

Edited by Bruno Cassiman and Massimo G. Colombo

This book examines the issue of mergers and acquisitions (M & As) in the context of technological development, and in particular the impact of M & As on the innovation process. In so doing, the book integrates two bodies of literature, on M & As, and on innovation studies, a nexus which the editors contend represents an important step in the advancement of our understanding of both with clear implications for competitive advantage and growth of firms. Drawing on perspectives from both management and economics, the book offers a cohesive blend of theory, methodology, and a wealth of empirical material.


Theodius Lennon

Subjects: business and management, organisational innovation, economics and finance, economics of innovation, industrial economics, innovation and technology, economics of innovation, organisational innovation


Directorate K, ‘Socio-economic research: foresight’ in the Directorate General for Research is for finances policy relevant to research projects supporting EU research and innovation policies. These research projects often turn out to be of the highest scientific excellence with a substantial contribution to European research policy issues as well as to the general policy relevant knowledge base. This is why Directorate K has decided to disseminate these results in the form of a high-quality publication with the aim of maximizing their usefulness for European policy makers and the academic community. This publication, Mergers & Acquisitions: The Innovation Impact, is based on the research results of the project Mergers and Acquisitions and Science and Technology Policy which was conducted under the Common Basis for Science, Technology and Innovation Indicators (CBSTII) activity of the Fifth Framework Programme for Research. Its aim was to provide relevant and comparable indicators at different levels (regional, national, European and world) required for the design, co-ordination and assessment of RTD strategies in Europe. The study was carried out by an international team of researchers from different universities (Catholic University of Leuven (Belgium), Politecnico di Milano (Italy), IESE Business School (Barcelona), Universitat Pompeu Fabra (Barcelona), Reading University and INSEAD (UK)) and a consultancy firm (IDEA Consult). Professor Luc Soete, joint Director of the United Nations University Institute for New Technologies (UNU-INTECH) and the Maastricht Economic Research Institute on Innovation and Technology (MERIT) evaluated the scientific quality of the original research project and contributed substantially to...