TY - JOUR
T1 - Matching industries between target and acquirer in high-tech mergers and acquisitions
AU - Kennedy, Kevin H.
AU - Payne, G. Tyge
AU - Whitehead, Carlton J.
PY - 2002
Y1 - 2002
N2 - Mergers and acquisitions (M and As) have been regarded as a highly viable option for fostering innovation, gaining new products or services, and gaining access to new markets in high technology firms. This study analyzes several alternative variables that impact M and A choices by analyzing their relationship to the industry of both the acquirer and target. Results support two hypotheses implying that (1) M and A transactions with the same acquirer and target industry are more likely to be acquisitions that delivers a greater final share of the target organization to the acquirer, and (2) acquirers are more likely to invest greater dollar amounts in targets that have the same primary industry.
AB - Mergers and acquisitions (M and As) have been regarded as a highly viable option for fostering innovation, gaining new products or services, and gaining access to new markets in high technology firms. This study analyzes several alternative variables that impact M and A choices by analyzing their relationship to the industry of both the acquirer and target. Results support two hypotheses implying that (1) M and A transactions with the same acquirer and target industry are more likely to be acquisitions that delivers a greater final share of the target organization to the acquirer, and (2) acquirers are more likely to invest greater dollar amounts in targets that have the same primary industry.
UR - http://www.scopus.com/inward/record.url?scp=0036103393&partnerID=8YFLogxK
U2 - 10.1080/09537320220133839
DO - 10.1080/09537320220133839
M3 - Article
AN - SCOPUS:0036103393
SN - 0953-7325
VL - 14
SP - 149
EP - 162
JO - Technology Analysis and Strategic Management
JF - Technology Analysis and Strategic Management
IS - 2
ER -