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SUMMARY:Innovation Driven Acquisitions of High-tech Ventures: New Insights
  from the Incentive and Competence Perspectives - Prof Massimo Colombo - P
 olitecnico di Milano
DTSTART:20090309T120000Z
DTEND:20090309T140000Z
UID:TALK17286@talks.cam.ac.uk
CONTACT:Maggie McLaughlin
DESCRIPTION:In this paper we consider the innovation impact of the acquisi
 tion of a high-tech start-up. In accordance with the extant acquisition li
 terature\, we claim that post-acquisition innovation performance closely d
 epends on post-acquisition reorganization. This reorganization involves bo
 th structural and non-structural (i.e. behavioral) aspects. In particular\
 , we focus on the delegation of decision authority to the acquired key inv
 entors or its centralization within the acquiring firm. We develop a theor
 etical model that combines insights offered by the incentive and competenc
 e-based perspectives. The model leads to testable predictions relating to 
 the influence on delegation of decision authority of the explorative or ex
 ploitative motives of the acquisition\, the technological relatedness betw
 een the acquiring and acquired firms\, the establishment of prior alliance
 s between them\, and the prior acquisition experience of the acquirer. It 
 posits that while the motives of the acquisition have a direct effect on d
 elegation\, the effects of the remaining variables is moderated by the typ
 e of acquisition\, be it explorative or exploitative. \n\n
LOCATION:Judge Business School W2.02
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