Foreign acquisitions and R&D leverage in high tech industries of peripheral economies. Lessons and policy issues from the Israeli experiences

Morris Teubal; Gil Avnimelech

doi:10.1504/ijtm.2003.003387

Foreign acquisitions and R&D leverage in high tech industries of peripheral economies. Lessons and policy issues from the Israeli experiences

Morris Teubal^*
, Gil Avnimelech

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

12 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	362-385
Number of pages	24
Journal	International Journal of Technology Management
Volume	26
Issue number	2-4
DOIs	https://doi.org/10.1504/ijtm.2003.003387
State	Published - 2003

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

Dynamic capabilities
Evolutionary and competence based theories
Israel's IT industry
Israel's software industry
Mergers and acquisitions (M&A)
Peripheral economies
R&D leverage
Venture capital

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10.1504/ijtm.2003.003387

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abstract = "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.",

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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.

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KW - Evolutionary and competence based theories

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Foreign acquisitions and R&D leverage in high tech industries of peripheral economies. Lessons and policy issues from the Israeli experiences

Abstract

UN SDGs

Keywords

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