R&D Intensity and Acquisitions in High-Technology Industries: Evidence from the US Electronic and Electrical Equipment Industries

By Bruce A. Blonigen, Christopher T. Taylor. 2003

311 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f387ee8d768f61247f88e718caa13eb621da3bba

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In Economics and Econometrics

Citations in the corpus

Is there complementarity or substitutability between internal and external R&D strategies? (2012, background): “And on the other, a host of empirical work identifying the linkage between internal and external sources of innovation have found substitutability instead (Audretsch et al., 1996; Blonigen and Taylor, 2000; Higgins and Rodriguez, 2006; Laursen and Salter, 2006; Watkins and Paff, 2009).”
Effects of Firm R&D Investment and Environment on Acquisition Likelihood* (2006, unknown): “Moreover, to the extent that acquisitions substitute for acquiring firms’ R&D investments (Blonigen and Taylor, 2000; Peteraf and Bergen, 2003), observations of decreased R&D spending following an acquisition support the premise of the current research that target firm R&D resources are recognized…”
Performance Implications of Firm Resource Interactions in the Acquisition of R&D-Intensive Firms (2008, background): “…expect that the acquisition of technology resources will fill specific resource needs of an acquiring firm (King et al. 2003) or that external R&D (at least) serves as a partial substitute for internal development (Barkema and Vermeulen 1998; Blonigen and Taylor 2000; Hitt et al. 1990, 1991).”
The M&A dynamics of European science-based entrepreneurial firms (2010, background): “specialize in either internal development of R&D or acquisitions (Blonigen and Taylor, 2000).”
The Productivity Effects of Internal and External R&D: Evidence From a Dynamic Panel Data Model (2008, unknown): “Blonigen and Taylor (2000) find an inverse relationship between R&D intensity and (technology) acquisition activity in © Blackwell Publishing Ltd and the Department of Economics, University of Oxford 2008 high-tech industries, suggesting that firms opt for either a ‘make’ or a ‘buy’ strategy.”
M&A and innovation: The role of integration and cultural differences—A central European targets perspective (2016, background): “Blonigen and Taylor (2000), for instance, study the relationship between R&D intensity and acquisition activity.”
High-growth firms and innovation: an empirical analysis for Spanish firms (2014, methodology): “2008), others have found that both strategies are substitutes (Audretsch et al. 1996; Basant and Fikkert 1996; Blonigen and Taylor 2000).”
Clarifying the Effect of Intellectual Capital on Performance: The Mediating Role of Dynamic Capability (2012, unknown): “ments as well as continuous innovation (Blonigen and Taylor, 2000).”
Determinants of Innovative Activity in Japanese Technology-based Start-up Firms (2004, methodology): “In such cases, a linear model is inappropriate for handling such data, and we, therefore, employ a negative binomial regression model.9 As shown in Blonigen and Taylor (2000), we assume that the dependent variable follows a Poisson model and a Poisson parameter λ satisfies the condition: lnλ =…”