TY - JOUR
T1 - Foreign acquisitions and R&D leverage in high tech industries of peripheral economies. Lessons and policy issues from the Israeli experiences
AU - Teubal, Morris
AU - Avnimelech, Gil
PY - 2003
Y1 - 2003
N2 - This paper deals with a major challenge of globalisation to national innovation systems of skill-intensive peripheral economies: acquisitions of high-tech start-up companies by foreign multinational companies. Through a detailed microeconomic analysis both of successful company growth profiles and of post-acquisition patterns, the paper analyses possible implications for high tech and the economy as a whole. It concludes that the share of Start Up output to total high tech output of a country should be an important variable; and that this share was probably 'too high' in Israel during 1999/2000.
AB - This paper deals with a major challenge of globalisation to national innovation systems of skill-intensive peripheral economies: acquisitions of high-tech start-up companies by foreign multinational companies. Through a detailed microeconomic analysis both of successful company growth profiles and of post-acquisition patterns, the paper analyses possible implications for high tech and the economy as a whole. It concludes that the share of Start Up output to total high tech output of a country should be an important variable; and that this share was probably 'too high' in Israel during 1999/2000.
KW - Dynamic capabilities
KW - Evolutionary and competence based theories
KW - Israel's IT industry
KW - Israel's software industry
KW - Mergers and acquisitions (M&A)
KW - Peripheral economies
KW - R&D leverage
KW - Venture capital
UR - http://www.scopus.com/inward/record.url?scp=0037805654&partnerID=8YFLogxK
U2 - 10.1504/ijtm.2003.003387
DO - 10.1504/ijtm.2003.003387
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AN - SCOPUS:0037805654
SN - 0267-5730
VL - 26
SP - 362
EP - 385
JO - International Journal of Technology Management
JF - International Journal of Technology Management
IS - 2-4
ER -