Hiring New Key Inventors to Improve Firms’ Post-M&A Inventive Output. / Arroyabe, Marta; Hussinger, Katrin; Hagedoorn, John.

In: R&D Management, Vol. 50, No. 4, 09.2020, p. 494-509.

Research output: Contribution to journalArticle

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Hiring New Key Inventors to Improve Firms’ Post-M&A Inventive Output. / Arroyabe, Marta; Hussinger, Katrin; Hagedoorn, John.

In: R&D Management, Vol. 50, No. 4, 09.2020, p. 494-509.

Research output: Contribution to journalArticle

Harvard

Arroyabe, M, Hussinger, K & Hagedoorn, J 2020, 'Hiring New Key Inventors to Improve Firms’ Post-M&A Inventive Output', R&D Management, vol. 50, no. 4, pp. 494-509. https://doi.org/10.1111/radm.12400

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Vancouver

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Arroyabe, Marta ; Hussinger, Katrin ; Hagedoorn, John. / Hiring New Key Inventors to Improve Firms’ Post-M&A Inventive Output. In: R&D Management. 2020 ; Vol. 50, No. 4. pp. 494-509.

BibTeX

@article{7887ee2a7b654feea5bc582a4aef847d,
title = "Hiring New Key Inventors to Improve Firms{\textquoteright} Post-M&A Inventive Output",
abstract = "Although mergers and acquisitions (M&As) are acknowledged as an important means to access innovative assets and know-how, firms{\textquoteright} inventive output often declines in the post-M&A period. Financial, managerial and organizational constraints related to the M&A event contribute to inventive output declines and inventors{\textquoteright} departure. Prior literature treats the acquiring firm as a passive observer of invention declines. This study argues that acquiring firms can take measures by hiring new key inventors. We show that the hiring of new key inventors in the post-M&A period can counteract invention declines in two ways. First, these newly hired inventors are associated with an increase of corporate inventive output after the M&A. Second, they are also associated with an improved inventive output of inventors already working for the acquiring firm. These results suggest that an appropriate hiring policy can counteract declining inventive output of firms in the aftermath of M&As. ",
author = "Marta Arroyabe and Katrin Hussinger and John Hagedoorn",
year = "2020",
month = sep,
doi = "10.1111/radm.12400",
language = "English",
volume = "50",
pages = "494--509",
journal = "R&D Management",
number = "4",

}

RIS

TY - JOUR

T1 - Hiring New Key Inventors to Improve Firms’ Post-M&A Inventive Output

AU - Arroyabe, Marta

AU - Hussinger, Katrin

AU - Hagedoorn, John

PY - 2020/9

Y1 - 2020/9

N2 - Although mergers and acquisitions (M&As) are acknowledged as an important means to access innovative assets and know-how, firms’ inventive output often declines in the post-M&A period. Financial, managerial and organizational constraints related to the M&A event contribute to inventive output declines and inventors’ departure. Prior literature treats the acquiring firm as a passive observer of invention declines. This study argues that acquiring firms can take measures by hiring new key inventors. We show that the hiring of new key inventors in the post-M&A period can counteract invention declines in two ways. First, these newly hired inventors are associated with an increase of corporate inventive output after the M&A. Second, they are also associated with an improved inventive output of inventors already working for the acquiring firm. These results suggest that an appropriate hiring policy can counteract declining inventive output of firms in the aftermath of M&As.

AB - Although mergers and acquisitions (M&As) are acknowledged as an important means to access innovative assets and know-how, firms’ inventive output often declines in the post-M&A period. Financial, managerial and organizational constraints related to the M&A event contribute to inventive output declines and inventors’ departure. Prior literature treats the acquiring firm as a passive observer of invention declines. This study argues that acquiring firms can take measures by hiring new key inventors. We show that the hiring of new key inventors in the post-M&A period can counteract invention declines in two ways. First, these newly hired inventors are associated with an increase of corporate inventive output after the M&A. Second, they are also associated with an improved inventive output of inventors already working for the acquiring firm. These results suggest that an appropriate hiring policy can counteract declining inventive output of firms in the aftermath of M&As.

U2 - 10.1111/radm.12400

DO - 10.1111/radm.12400

M3 - Article

VL - 50

SP - 494

EP - 509

JO - R&D Management

JF - R&D Management

IS - 4

ER -