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An analysis of the relation between R&D and M&A in high-tech industries

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  • Hironobu Miyazaki

Abstract

This article discusses the relation between research and development (R&D) investment and mergers and acquisitions (M&A) in Japanese high-tech industries. Using a count data model, it is found that there exists a positive correlation (complementarity) between R&D investment and M&A.

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  • Hironobu Miyazaki, 2009. "An analysis of the relation between R&D and M&A in high-tech industries," Applied Economics Letters, Taylor & Francis Journals, vol. 16(2), pages 199-201.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:2:p:199-201
    DOI: 10.1080/13504850601018163
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    References listed on IDEAS

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    1. William H. Greene, 1994. "Accounting for Excess Zeros and Sample Selection in Poisson and Negative Binomial Regression Models," Working Papers 94-10, New York University, Leonard N. Stern School of Business, Department of Economics.
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    Cited by:

    1. Weiliang Chen & Xinjian Huang & Yanhong Liu & Xin Luan & Yan Song, 2019. "The Impact of High-Tech Industry Agglomeration on Green Economy Efficiency—Evidence from the Yangtze River Economic Belt," Sustainability, MDPI, vol. 11(19), pages 1-18, September.
    2. Bowon Kim & Fouad El Ouardighi & Sangsun Park, 2012. "Optimal dynamics of technology and price in a duopoly market," Applied Economics Letters, Taylor & Francis Journals, vol. 19(11), pages 1017-1022, July.
    3. K D S Fernald & H P G Pennings & J F van den Bosch & H R Commandeur & E Claassen, 2017. "The moderating role of absorptive capacity and the differential effects of acquisitions and alliances on Big Pharma firms' innovation performance," PLOS ONE, Public Library of Science, vol. 12(2), pages 1-22, February.
    4. Seung Hee Choi & Bang Nam Jeon, 2011. "The impact of the macroeconomic environment on merger activity: evidence from US time-series data," Applied Financial Economics, Taylor & Francis Journals, vol. 21(4), pages 233-249.

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