The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical Study
The “innovation-driven” development approach plays a crucial role in transforming and developing current China’s national economy. Many innovation-driven mergers and acquisitions (M&As) emerge in the M&As activities of firms, and the acquiring firm’s business strategy of conducting innovatio...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2021-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2021/5254365 |
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| _version_ | 1832545976359845888 |
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| author | Zhuozhu Liu Yiran Li Zhaoyang Zhang Rongying Zhao |
| author_facet | Zhuozhu Liu Yiran Li Zhaoyang Zhang Rongying Zhao |
| author_sort | Zhuozhu Liu |
| collection | DOAJ |
| description | The “innovation-driven” development approach plays a crucial role in transforming and developing current China’s national economy. Many innovation-driven mergers and acquisitions (M&As) emerge in the M&As activities of firms, and the acquiring firm’s business strategy of conducting innovation-driven M&As has drawn significant attention. To study the impact of business strategy on innovation-driven M&As, this paper adopts the probit model to conduct logistic regression analysis on the 223 M&As data samples, exploring which business strategy is inclined to perform innovation-driven M&As. The results show that prospective firms are more likely to conduct innovation-driven M&As. Besides, the firms that conduct prospective business strategies are more likely to have a higher innovation level than firms operating defensive business strategies. The innovation level plays the role of a mediator variable in the model of business strategies influencing innovation-driven M&As. This paper analyzes the innovation-driven motivation from the perspective of business strategy, enriching the research of M&A and offering a method to predict the possibility of innovation-driven M&A by measuring business strategy. |
| format | Article |
| id | doaj-art-2bde891dd1514db48964c332e5fd2663 |
| institution | Kabale University |
| issn | 1607-887X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-2bde891dd1514db48964c332e5fd26632025-02-03T07:24:10ZengWileyDiscrete Dynamics in Nature and Society1607-887X2021-01-01202110.1155/2021/5254365The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical StudyZhuozhu Liu0Yiran Li1Zhaoyang Zhang2Rongying Zhao3School of Information ManagementSchool of ManagementSchool of Information ManagementSchool of Information ManagementThe “innovation-driven” development approach plays a crucial role in transforming and developing current China’s national economy. Many innovation-driven mergers and acquisitions (M&As) emerge in the M&As activities of firms, and the acquiring firm’s business strategy of conducting innovation-driven M&As has drawn significant attention. To study the impact of business strategy on innovation-driven M&As, this paper adopts the probit model to conduct logistic regression analysis on the 223 M&As data samples, exploring which business strategy is inclined to perform innovation-driven M&As. The results show that prospective firms are more likely to conduct innovation-driven M&As. Besides, the firms that conduct prospective business strategies are more likely to have a higher innovation level than firms operating defensive business strategies. The innovation level plays the role of a mediator variable in the model of business strategies influencing innovation-driven M&As. This paper analyzes the innovation-driven motivation from the perspective of business strategy, enriching the research of M&A and offering a method to predict the possibility of innovation-driven M&A by measuring business strategy.http://dx.doi.org/10.1155/2021/5254365 |
| spellingShingle | Zhuozhu Liu Yiran Li Zhaoyang Zhang Rongying Zhao The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical Study Discrete Dynamics in Nature and Society |
| title | The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical Study |
| title_full | The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical Study |
| title_fullStr | The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical Study |
| title_full_unstemmed | The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical Study |
| title_short | The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical Study |
| title_sort | impact of business strategic orientation on innovation driven mergers and acquisitions an empirical study |
| url | http://dx.doi.org/10.1155/2021/5254365 |
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