Post M&A innovation in family firms

Issah, Abdul-Basit ORCID: https://orcid.org/0000-0002-0942-8228 (2021) Post M&A innovation in family firms. European Journal of Innovation Management, 24 (2). pp. 439-460. ISSN 1460-1060

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Abstract

Purpose: The paper empirically investigates how family firms appropriate acquired resources to become more innovative in the context of merger waves. It draws on resource-based view and the theory of first mover (dis)advantages to examine the implications of the timing of acquisitions on innovation in family firms.   Design/methodology/approach: The paper uses a panel data set of Standard & Poor's (S&P) 500 manufacturing firms followed over a period of 31 years.   Findings: The study finds empirical support for the predictions that family firms are more able to utilize acquired resources better than nonfamily firms. Furthermore, targets acquired during the upswing of a merger wave are more valuable to family firms and associated with more innovation than for nonfamily firms.   Originality/value: The paper establishes that resources acquired during the upswing of a merger wave are more valuable, provide better resource synergies and impact innovation positively in family firms than nonfamily firms. Second, the paper makes an empirical contribution that family firms absorb external resources markedly differently and more efficiently than nonfamily firms. Third, the paper enhances a better understanding of the influence of family ownership on the relationship between acquisitions and innovation outputs.

Item Type: Article
Additional Information: Funding Information: The Luxembourg National Research Fund (FNR) under the grant AFR grant 10155146 provided funding for the project.
Uncontrolled Keywords: acquisitions,family firms,innovation,merger waves,resource-based view,management of technology and innovation ,/dk/atira/pure/subjectarea/asjc/1400/1405
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Related URLs:
Depositing User: LivePure Connector
Date Deposited: 14 Mar 2024 11:30
Last Modified: 20 Mar 2024 09:31
URI: https://ueaeprints.uea.ac.uk/id/eprint/94677
DOI: 10.1108/EJIM-11-2019-0319

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