کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5037007 1472385 2017 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Text mining to gain technical intelligence for acquired target selection: A case study for China's computer numerical control machine tools industry
ترجمه فارسی عنوان
استخراج متن برای کسب اطلاعات فنی برای انتخاب هدف به دست آمده: یک مطالعه مورد برای صنایع ماشین آلات کنترل عددی کامپیوتری چین
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
چکیده انگلیسی


• A method to extract technical intelligence to facilitate M&A target selection.
• To blend text mining techniques and expert knowledge.
• Both technical and strategic aspects are involved.
• A case study on China's Computer Numerical Control Machine Tools industry.

Technology strategy plays an increasingly important role in today's Mergers and Acquisitions (M&A) activities. Informing that strategy with empirical intelligence offers great potential value to R&D managers and technology policy makers. This paper proposes a methodology, based on patent analysis, to extract technical intelligence to identify M&A target technologies and evaluate relevant target companies to facilitate M&A target selection. We apply the term clumping process and a trend analysis together with policy and market information to profile present R&D status and capture future development signals and trends in order to grasp a range of significant domain-based technologies. Furthermore, a comparison between a selected acquirer and leading players is used to identify significant technologies and sub-technologies for specific strategy-oriented technology M&A activities. Finally, aiming to recommend appropriate M&A target companies, we set up an index-based system to evaluate the acquired target candidates from both firms-side perspective and target firm-side perspective and differentially weigh for specific M&A situations. We provide an empirical study in the field of computer numerical control machine tools (CNCMT) in China to identify technology M&A targets for an emerging Chinese CNCMT company — Estun Automation under different M&A strategies.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Technological Forecasting and Social Change - Volume 116, March 2017, Pages 162–180