Abstract
This study investigates how mutual dependence and power imbalance, which have been differentiated by the recent studies adopting the theoretical lens of resource dependence theory (RDT) as two distinct forms of interdependence, change the effect of technological similarity between the acquiring firm and target firm on post-acquisition innovation across times. The analysis of a panel data on merger and acquisitions (M&As) undertaken by the US firms reveals that in the short-run mutual dependence strengthens the effect of technological similarity on post-acquisition innovation, whereas power imbalance weakens it. However, the effect of mutual dependence persists over time, while that of power imbalance declines over time. These findings extend the RDT to the context of technological acquisition and innovation and offer important implications for research and practice.
Original language | English |
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Pages (from-to) | 195-219 |
Number of pages | 25 |
Journal | British Journal of Management |
Volume | 34 |
Issue number | 1 |
Early online date | 7 Dec 2021 |
DOIs | |
Publication status | Published - Jan 2023 |
Data Availability Statement
Additional supporting information may be found online in the Supporting Information section at the end of the article.Keywords
- Resource dependence
- mutual dependence
- power imbalance
- acquisitions
- technological similarity
- innovation performance
- M&As
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