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Assessment of Interorganizational Technology Transfer Efficiency

Author

Listed:
  • Yury Dranev

    (National Research University Higher School of Economics)

  • Elena Ochirova

    (National Research University Higher School of Economics)

  • Rainer Harms

    (University of Twente)

  • Mikhail Miriakov

    (National Research University Higher School of Economics)

Abstract

In this paper we propose a methodology for assessing the efficiency of technology transfer through merger and acquisition (M&A) and empirically estimate the effect of key factors impacting it. We implement data envelopment analysis (DEA) to calculate an efficiency score of the technology transfer process. The DEA efficiency score integrates a set of outputs (post-merger characteristics of an acquirer) and inputs (pre-merger technological parameters of a target); thus, it provides a multidimensional estimate of efficiency adjusted for the value of the acquired technology base.In the empirical part of this research, we collect data from 434 M&As to study a channel for transferring a technology base across organizational boundaries. Overall, empirical results suggest the adverse outcomes of accumulation of capability to value external technology: the higher the acquirer’s R&D intensity, the lower the efficiency of interorganizational technology transfer. The size of acquirer and relative size of the deal also affect the post-merger outcomes significantly and negatively. At the same time, the estimated effect of such technological characteristics of acquirer as capital expenditure intensity and number of patents is insignificant.

Suggested Citation

  • Yury Dranev & Elena Ochirova & Rainer Harms & Mikhail Miriakov, 2023. "Assessment of Interorganizational Technology Transfer Efficiency," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 17(3), pages 20-31.
    • Handle: RePEc:hig:fsight:v:17:y:2023:i:3:p:20-31
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    References listed on IDEAS

    as
    1. Stoneman, Paul & Kwon, Myung Joong, 1996. "Technology Adoption and Firm Profitability," Economic Journal, Royal Economic Society, vol. 106(437), pages 952-962, July.
    2. Un, C. Annique & Rodríguez, Alicia, 2018. "Learning from R&D outsourcing vs. learning by R&D outsourcing," Technovation, Elsevier, vol. 72, pages 24-33.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    interorganizational technology transfer; data envelopment analysis; patents; merger and acquisition; RnD;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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