Digital M&A and Firm Innovation
| Autor: | Zixuan Zhou, Fang Wang, Gaoju Yang, Xianhai Huang |
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| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Journal of Global Information Management. 31:1-27 |
| ISSN: | 1533-7995 1062-7375 |
| Popis: | This study empirically examines how digital M&A affects firm innovation using data from Chinese listed companies from 2006 to 2019. The results show that digital M&A promotes firm innovation, and our findings also suggest that digital M&A enables firms to break away from technology path-dependence to achieve radical innovation and digital innovation. The analysis of different types of digital M&A shows that the innovation effect of vertical digital M&A is smaller than that of horizontal digital M&A. Vertical digital M&A significantly increases industry concentration and may change the competitive structure of the market; the innovation effect of cross-border digital M&A is smaller than that of domestic digital M&A, which may be related to the negative moderating effect of cultural and institutional distance between China and the host country, as well as the restriction of cross-border data flow. |
| Databáze: | OpenAIRE |
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