Cahier 2019-03| Title: | Highly skilled and well connected: Migrant inventors in Cross-Border M&As | | Abstract: | Based on a relational view of international business, we investigate the role of migrant inventors
in Cross-Border Merger & Acquisitions (CBM&As) undertaken by R&D-active firms. We
hypothesize that the migrant inventors’ international social networks can be leveraged upon by
their employers in order to spot and/or integrate the 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. | | Keyword(s): | Cross-border mergers and acquisitions, migration, inventors, PCT patents | | Auteur(s) : | Diego USECHE, Ernest MIGUELEZ, Francesco LISSONI | | JEL Class.: | F22, F23 | Télécharger le cahier Retour à la liste des Cahier du GRETHA (2019) |
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