Drawing on a multiple case study of acquisitions of UK biopharmaceutical firms, we develop an analytical framework that elucidates how key determinants of the knowledge base of science-based firms and their combinations through M&As interact and affect post-acquisition investment in the target’s R&D projects. We show that two factors - the complementarity/ similarity of the technology, and the complementarity/ similarity of the discovery and development capabilities of the target and acquiring firm - interact to produce different outcomes in terms of investment in the acquired firm’s R&D assets and for the local science and technology system.
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- Management - Reader
- Strategy & Organisation - Director of Studies Postgraduate Research
- Centre for Research in Entrepreneurship and Innovation at Bath
Person: Research & Teaching