The Effects of Open Innovation Based on Mergers and Acquisitions on Innovative Behavior of Enterprises: Evidence From Chinese Listed Enterprises

Abstract

Finding the factors driving enterprise innovation behavior from multiple dimensions is of great significance for promoting enterprise innovation. Open innovation based on overseas mergers and acquisitions (M&A) has become one of the main ways for enterprises to obtain knowledge and technology. However, there is still no agreement on whether open innovation based on overseas M&A can promote innovation behavior of enterprises. Based on data from M&A transaction and enterprise patent of China’s Shanghai and Shenzhen A-share listed companies from 2011 to 2018, this study constructs a propensity score matching and difference-in-difference model from the perspective of innovation performance and innovation investment empirically studies the influence of open innovation mode based on overseas M&A on the innovation behavior of enterprises and finds that open innovation based on overseas M&A can significantly promote the innovation performance and innovation investment. Meanwhile dynamic effects test shows this promotion effect is sustainable; it reaches the maximum in the year of overseas M&A and decreases in the next two years. In addition, the impacts are heterogeneous due to enterprise ownership and enterprise technology intensity. The findings extends the scope of understanding innovation behavior of enterprises from overseas M&A and provide solid evidence of significant business implications for the promotion of entrepreneurial innovation.

The Role of Relative Deprivation and Attribution Style in the Relationship between Organizational Fairness and Employees’ Service Innovation Behavior

“…For the measurement of service innovation behavior, refer to the scale [ 7 ] prepared by Scott and Bruce, which contains 4 items: “I am good at searching for new technologies, processes, technologies /product ideas in my work”. “In my work, I will generate creative ideas”; “I will investigate and seek the funds needed to implement new ideas”; “I will make appropriate plans and timetables for implementing new ideas”.…”

“…Research on employee service innovation behavior is one of the hot spots in the field of human resource management. In the process of providing services, employees generate new ideas to solve problems and put them into practice, thus promoting organizational innovation, which plays an important role in promoting the core competitiveness of enterprises [ 7 ]. How to stimulate the service innovation behavior of the individual in the enterprise is always an important proposition in the organization management, but in some cases, even with the encouragement and promotion of the organization, many employees are still reluctant to experiment with service innovation [ 8 ].…”

Energy M&A Market in the Baltic States Analyzed through the Lens of Sustainable Development

“…Similarly, Zhou, Lingling, et al [39] found that green M&A improves operational efficiency and strengthens firms' development capacity. Wu et al [41] found that M&A can significantly promote innovation performance and innovation investment. Hu et al [43] consider the strengths of M&A arising from access to valuable resources, increased market share, profitability potential, and improvement of companies' long-term development capacities.…”