RESEARCH ON INTERACTIVE MECHANISM OF TECHNOLOGY PROGRESS AND M&A
This paper is based on new growth theory, evolutionary economics and industrial impact hypothesis theoretical basis, Using the mathematical statistics analysis, case analysis, system analysis and inductive method, first respectively expatiates the internal mechanism of technical progress drives M&A and M&A promote technological progress, reveals the interactive of technological progress and the M&A through the establishment of interaction model, then through the comparative analysis of the developed countries M&A and technical wave, verifies the positive correlation between the technological progress and M&A, it comes to the conclusion that technical progress is a two-phase dynamic process which contains both technological innovation and technology transfer, in this process, M&A and technical progress exist mutual drive internal mechanism, mainly for technological innovation and transfer make the reallocation of industry resources, which finally drive the M&A waves, then M&A promote the technology innovation and transfer through break the monopoly and concentrate element. The paper is valuable not only in theory but also in practice, which favourable to the establishment of technological progress system and the maturity of the M&A market. Dynamic definition of the technical progress and the establishment of the technical progress and M&A interaction model is the innovation of the article.
M&A Technical progress Interactive mechanism industrial impact hypothesis
Yongmei Cui Shengnan Tan Lian Hong
Beijing Jiaotong University, Merger and Reorganization of Enterprises in China Research Center, Beijing, China
国际会议
13th International Conference on Enterprise Information System(第13届企业信息系统国际会议 ICEIS 2011)
北京
英文
2257-2259
2011-06-08（万方平台首次上网日期，不代表论文的发表时间）