技术并购整合目标、管理模式和创新绩效理论研究

Theoretical Research on Target, Management and Performance of Technology Merger

企业自主创新路径具有层次性,是一个从低级到高级过程,与其相适宜的技术外部获取方式是购买、战略联盟、并购,技术并购整合的目标是技术知识转移,但是隐性知识存在于企业实践中难以模仿,必须进行技术知识整合管理。企业技术知识的广度和深度与并购创新绩效呈倒U型关系,技术知识广度大的企业应该进行相关并购,技术知识深度大的企业应该进行非相关并购,使技术创新边际收益维持在大于等于零的均衡状态。

Enterprise innovation is from a low level to an advanced level by purchase, strategic alliance and M&A. Knowledge transfer is the goal of M&A, however, tacit knowledge is difficult to imitate, which relies on the integration. The breadth and depth of knowledge are inverted U with M&A performance. Relevant M&A are better for enterprises with large breadth knowledge, while non-relevant M&A are better for enterprises with deep knowledge, so that the marginal is not negative.