Matching industries between target and acquirer in high-tech mergers and acquisitions

Kevin H. Kennedy, G. Tyge Payne, Carlton J. Whitehead

Research output: Contribution to journalArticlepeer-review

11 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)149-162
Number of pages14
JournalTechnology Analysis and Strategic Management
Volume14
Issue number2
DOIs
StatePublished - 2002

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