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Highly-skilled migrants and Cross-border M&A: Firm-level evidence

Abstract : Based on a relational view of international business, we investigate the role of migrant inventors in cross-border mergers and acquisitions undertaken by R&D-active firms. We hypothesize that the migrant inventors’ international social networks can be leveraged by their employers in order to identify and/or integrate relevant knowledge bases of acquisition targets in the inventors’ home country. We nuance our hypothesis by means of several conditional logistic regressions on a large matched sample of deals and control cases. The impact of migrant inventors increases with the distance between countries and for targets located in countries with weak administrative/legal systems, as well as when targets are either innovative or belong to high-tech sectors or to the same sector as the acquirer, and for full versus partial acquisitions.
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Contributor : Diego Useche <>
Submitted on : Tuesday, February 19, 2019 - 11:09:41 AM
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Diego Useche, Ernest Miguelez, Francesco Lissoni. Highly-skilled migrants and Cross-border M&A: Firm-level evidence. Journal of International Business Studies, Palgrave Macmillan, 2020, 51, pp.737-763. ⟨10.1057/s41267-018-0203-3⟩. ⟨halshs-02024499⟩



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