Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25235
Authors: 
Wagner, Marcus
Year of Publication: 
2007
Series/Report no.: 
SFB 649 discussion paper 2007,063
Abstract: 
Innovation activities in high tech industries provide considerable challenges for technology and innovation management. In particular, firms frequently face significant technological challenges since these industries has a long history of radical innovations which are taking place through distinct industry cycles of higher and lower demand. The paper investigates these issues for three high-tech industries, namely semiconductor manufacturing, biotechnology and electronic design automation which is a specific sub-segment of the semiconductor industry. It analyses the association of firm characteristics with different aspects of acquisition behaviour. Particular focus is put on innovation-related firm characteristics. The paper finds that the determinants for acquisitions are mostly related to firm size, financial conditions and geographical origin of the firm. Only for biotechnology, a substitutive relationship is identified between acquisitions and own research activities.
Subjects: 
acquisition
innovation
semiconductor
design
automation
biotechnology
JEL: 
L10
L86
M20
Document Type: 
Working Paper

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