文献类型：期刊文献

中文题名：知识产权制度距离对中国企业跨国技术并购的影响分析

英文题名：Impact of Intellectual Property Rights Institutional Distance on Chinese Cross-Border Technology Acquisitions

作者：阎海峰[1];王墨林[1];苏聪[1]

机构：[1]华东理工大学商学院,上海200237

年份：2021

期号：3

起止页码：123

中文期刊名：中国科技论坛

外文期刊名：Forum on Science and Technology in China

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2020】；CSSCI:【CSSCI2021_2022】；

基金：国家自然科学基金面上项目“优势还是劣势?母国专有优势对中国企业海外合法性影响研究”(71972072);上海市哲学社会科学规划一般课题“后发企业通过跨国并购提升自主创新能力的匹配研究”(2018BGL028)。

语种：中文

中文关键词：知识产权制度距离;跨国技术并购;持续时间;股权选择

外文关键词：IPRI distance;Cross-border technology acquisition;Completion duration;Equity choice

摘要：本文以制度理论为基础,通过对2005—2018年中国企业实施的249起跨国技术并购事件的分析,深入探讨知识产权制度距离对跨国技术并购持续时间、股权选择的影响。研究发现:①知识产权制度距离与并购持续时间呈倒U型关系,即随着知识产权制度距离的增大,并购持续时间先延长后缩短;②知识产权制度距离与并购股权比例呈U型关系,即在知识产权制度相似和相异程度较大的东道国,中国企业通常会选择高股权并购模式。本研究丰富了制度距离和企业跨国并购的相关研究,识别出知识产权制度距离影响中国企业跨国技术并购过程的拐点。
Based on the 249 cross-border technology acquisitions undertaken by Chinese firms from 2005—2018,this study,drawing on institutional theory,examines the impact of intellectual property rights institutional(IPRI)distance on the completion duration and equity choice of cross-border technology acquisitions.The results reveal that:①There is an inverted U-shaped relationship between IPRI distance and the completion duration of M&A,in other words,with an increase in IPRI distance,the completion duration of M&A increases firstly and then decreases;②There is a U-shaped relationship between IPRI distance and the equity ratio of M&A,in other words,in host countries with very similar or different levels of intellectual property institutions,Chinese firms are more likely to choose high-equity acquisitions.This study enriches the research on institutional distance and cross-border M&A,and uncovers the turning point of IPRI distance affecting the cross-border technology acquisitions of Chinese firms.