knowledge has a positive effect on both partner selection and post-merger innovation. However, anticipated synergy from sub …-industry similarity is not realized in post-merger innovation. Further, firms overlook key sources of synergy when selecting a merger …Past research has primarily focused on what happens after a merger has occurred. This research attempts to find out …

merger may affect the R&D efficiency of the merging firm due to increasing returns to scale in R&D. We show that mergers are … spillovers, we show that higher efficiency gains are needed to make the merger profitable …

acquired innovation to show that unpatented innovation plays an important, though often ignored, role in merger value creation … and patents lead to both misclassification of merger types as well as underestimates of the impact of innovation in value …

The combination of research and development units following a merger or an acquisition usually requires a broad and …