In and Out of Balance: Industry Relatedness, Learning Capabilities and Post‐Acquisition Innovative Performance
Abstract
The existence of an inverted U-shaped effect of the relatedness between acquirer and acquired firm on the innovative performance subsequent to an acquisition is normally regarded as indicative of the existence of a trade-off between exploration and exploitation in external innovation search. We argue that acquirers endowed with heterogeneous learning capabilities can alter the shape of the trade-off to their favor. In particular, we focus on a...
Paper Details
Title
In and Out of Balance: Industry Relatedness, Learning Capabilities and Post‐Acquisition Innovative Performance
Published Date
Mar 1, 2020
Volume
57
Issue
2
Pages
210 - 245
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