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Journal of Strategic Management

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ISSN: 1649-3877

Listed by: Cabells and EBSCO

Frequency: 1 online Volume per year


Review on the Literature on Mergers on Innovation

JSME Vol 4: 2008

Author(s): Norbert Schulz (University of Wurzberg, Germany)

Both M&A and innovation are instruments for growth and competitive advantage.
Therefore they are fundamental to each firmís competitive strategy. Unfortunately there are only
few studies available which focus on the interplay of these two instruments. These are reviewed
first. As the results point to a large deficit of relevant aspects considered the next three sections
report on the theoretical and empirical literature on the innovation process, the merger process, and
some additional aspects relevant for both processes. The main conclusion points to the fact that
generalizing principles cannot be supported with sufficient scientific rigour. Rather in depth studies
of specific industries are called for both from a theoretical and an empirical perspective.

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