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Technological distance: Theoretical foundations, statistical analysis and application to mergers and acquisitions

by Florian Stellner
Save 14% Save 14%
Current price ₹5,776.00
Original price ₹6,713.00
Original price ₹6,713.00
Original price ₹6,713.00
(-14%)
₹5,776.00
Current price ₹5,776.00

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Book cover type: Paperback
  • ISBN13: 9783738621402
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Bod - Books on Demand
  • Publisher Imprint: Bod - Books on Demand
  • Publication Date:
  • Pages: 178
  • Original Price: USD 68.5
  • Language: English
  • Edition: N/A
  • Item Weight: 218 grams
  • BISAC Subject(s): General

Technological distance has been a widely used concept since the seminal paper on R&D spillovers by Jaffe in 1986. Scholars in the field of M&A, alliances and R&D spillovers have used the concept of technological distance in their research. In this dissertation, the author provides a discussion of the concept of technological distance and the statistical properties of distance measures. Three new measures are introduced to the literature. These measures as well as seven existing measures are assessed axiomatically and empirically. Furthermore, the author assesses the role of technological distance in the target choice decision and the level of the transaction price in M&A transactions.

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