| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 984064 | Research Policy | 2011 | 9 Pages |
Innovation in high technology industries poses considerable challenges, frequently forcing firms to consider using acquisitions as a means of sourcing technology. This paper investigates such behaviour in a major high technology sector, namely the semiconductor industry. The paper focuses on differential effects of technology-related versus nontechnological acquisitions on exploratory and exploitative research and innovation. Most importantly, it confirms the important role of technology-related acquisitions for exploratory innovation.
► Technology-related acquisitions benefit exploratory innovation output. ► Nontechnological acquisitions negatively affect innovation output in general. ► Nontechnological acquisitions have a particularly negative effect on exploitative innovation output.
