Session 203

Post Acquisition Learning

Track I

Date: Monday, October 5, 2015

 

Time: 11:15 – 12:30

Paper

Room: Governor's Square 14


Session Chair:

  • Jerayr Haleblian, University of California, Riverside

Title: Acquired Inventors' Productivity after Horizontal Acquisition: Managing the R&D Integration Process

Authors

  • Massimo Colombo, Polytechnic University of Milan
  • Larissa Rabbiosi, Copenhagen Business School
  • Solon Moreira, IESE Business School

Abstract: In this paper we focus on horizontal acquisitions and analyze how different dimensions of the post-acquisition R&D integration process - the reorganization of R&D teams, the closure of R&D labs, the launch of R&D projects in new technical fields, and the replacement of the acquired R&D top manager, influence the innovation performance of acquired individuals. The empirical section is based on data on the patenting activity of 3,693 acquired individual inventors who continue to work within the new firm after the acquisition.

Title: Deliberate Learning and Sources of Knowledge in Mergers and Acquisitions

Authors

  • Koen Heimeriks, Aalto University
  • Melissa Graebner, University of Texas at Austin

Abstract: Building on the deliberate and vicarious learning literatures, we seek deeper insight into the benefits of codified and articulated knowledge from external advisors and internal experts in complex, strategic tasks such as mergers and acquisitions (M&A). We draw on 40 interviews with executives and consultants to develop our theory. We argue that codified external knowledge is less beneficial than codified internal knowledge, particularly for less experienced firms. In contrast, articulated external knowledge is more beneficial than articulated internal knowledge. However, the presence of a dedicated M&A department amplifies the benefits of articulated internal knowledge but dampens the benefits of articulated external knowledge. We rely on unique survey data of 100 active acquirers to test our theory.

Title: Post-Acquisition Innovativeness in High-Tech Industries: The Role of Attentional Congruence

Authors

  • Theresa Cho, Seoul National University
  • Sung Hun Chung, University of Southern California
  • Jerayr Haleblian, University of California, Riverside

Abstract: Although researchers have increasingly recognized the importance of managerial attention as a driver of firm behavior, its effects on the post-acquisition outcomes have not been examined. Drawing from the attention-based view of firm (ABV), in this study we explore how attentional congruence between two merging firms influences firm-level innovativeness after acquisition. In addition, we also examine the moderating effects of strategic complementarity and firm size disparity. Based on a sample of 166 M&A deals in high-tech industries, we find most of our hypotheses supported.

Title: The Dual Roles of Target Knowledge Workers and the Differential Effects of Cultural Distance, Language and Technological Overlap

Authors

  • Joshua Sears, Texas Tech University

Abstract: Acquisitions have become a popular strategy for overcoming the time-compression diseconomies of internal innovation. Confounding our understanding of leveraging target knowledge is the fact that target knowledge workers play two distinct roles post-acquisition: innovate in conjunction with and independently of the acquirer. I submit that relative absorptive capacity possesses differential effects on the two roles. I tested and found evidence that cultural distance and language difference facilitated independent innovation but impeded integrative innovation while technological overlap facilitated integrative innovation but impeded independent innovation. Further, I found evidence that technological overlap attenuated the effects of cultural distance and language difference.

All Sessions in Track I...

Sun: 08:00 – 09:15
Session 276: K&I Sunday Panel: Big Data & Analytics in Strategy
Sun: 09:45 – 11:00
Session 277: K&I Foundations Session: A Conversation with Dan Levinthal
Sun: 11:15 – 12:30
Session 278: K&I Sunday Panel: Knowledge and Innovation in models of Business Models
Sun: 16:15 – 17:30
Session 104: Resource Allocation and Innovation
Session 261: Knowledge Creation and Sharing in Virtual Communities
Sun: 17:45 – 00:00
Session 317: Knowledge and Innovation Business Meeting
Mon: 08:00 – 09:15
Session 62: Multi-level perspectives on capability development
Session 105: Sourcing Strategies for Knowledge
Session 256: Innovation and the Strategy-Performance Relationship
Mon: 11:15 – 12:30
Session 203: Post Acquisition Learning
Session 204: Acquiring human capital: Process and outcomes
Mon: 13:45 – 15:00
Session 107: Evolving Industries, Evolving Products
Session 205: Knowledge Recombination and Interdependencies
Mon: 16:45 – 18:00
Session 100: Innovation Management in Networks, Ecosystems, and Innovation Hubs
Session 200: Strategic Leadership, Learning, and Exploration
Tue: 08:00 – 09:15
Session 136: Innovating and Learning in Collaborative Alliances
Session 255: Processes for Innovation and Ideation
Tue: 11:00 – 12:15
Session 101: Strategic Patenting
Session 137: Entrepreneurial Experience and Cognition: Implications for Venture Performance
Tue: 14:15 – 15:30
Session 198: Emerging Market Strategies
Session 206: Knowledge Replication, Transfer and Absorption
Tue: 15:45 – 17:00
Session 17: Human Capital and Entrepreneurship
Session 108: Open Innovation: Antecedents and Performance Effects
Session 262: Pioneering Knowledge
Tue: 17:30 – 18:45
Session 60: Blurring the Boundaries of Strategy Work
Session 202: Team Dynamics and Creativity
Session 271: Spinouts


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