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Highly skilled and well connected: Migrant inventors in cross-border M&As

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Based on a relational view of international business, we investigate the role of migrant inventors in Cross-Border Merger & Acquisitions (CBM&As) undertaken by R&D-active firms. We hypothesize that the migrant inventors’ international social networks can be leveraged upon by their employers in order to spot and/or integrate the 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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USECHE, Diego, MIGUÉLEZ, Ernest and LISSONI, Francesco. Highly skilled and well connected: Migrant inventors in cross-border M&As. Journal of International Business Studies. 2020. Vol. 51, num. 737-763. ISSN 0047-2506. [consulted: 4 of August of 2026]. Available at: https://hdl.handle.net/2445/219158

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