Research on the Impact of Business Strategy on Knowledge-transfer Merger and Acquisition with Innovation Level as the Mediator Variable

Date
2020-01-07
Authors
Zhao, Rongying
Liu, Zhuozhu
Cai, Yibei
Zhang, Zhaoyang
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Abstract
Based on the knowledge-transfer M&A data of listed companies from 2011 to 2016 in China, this paper use logistic regression and multiple linear regression to construct a mediating effect model to determine whether business strategy is associated with knowledge-transfer M&A by taking innovation level as a mediator variable. After processing data of prospectors and defenders through strategic scoring, this paper applies logistic regression to examine the impact of Business Strategy on knowledge-transfer M&A,and applies multiple linear regression to examine the impact of Business Strategy on innovation level and the impact of knowledge-transfer M&A on innovation level. From data analysis, this paper concludes that Prospectors are more likely to conduct knowledge-transfer M&A and these companies are more likely to get a higher innovation level. Besides, the Business Strategy exerts influence on knowledge-transfer M&A by innovation level.
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Keywords
Knowledge and Innovation Management: Connecting Theory to Practice to Business Performance, prospector business strategy, defender business strategy, innovation level, knowledge-transfer m&a
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