Econ Papers Daily / 研究评论
大型科技公司收购初创企业后创新走向如何
What happens to innovation after Big Tech buys a startup
摘要
Concerns abound that ‘killer acquisitions’ by tech giants could deter startup entry and stifle innovation. This column analyses patent data before and after 1,200 acquisitions by eight technology giants between 1995 and 2020. On average, the ‘Big Eight’ firms appear to invest in the acquired technology rather than kill it. Acquired inventions become more influential, more widely cited, and more embedded in follow-on innovation by both the acquirer and competitors. However, longer-term changes to the competitive landscape need further investigation.
中文摘要
人们普遍担忧，科技巨头的“杀手级收购”可能会阻碍初创企业进入并扼杀创新。本专栏分析了1995年至2020年间八家科技巨头进行的1200起收购前后的专利数据。平均而言，“八大”公司似乎对被收购技术进行投资，而非将其扼杀。被收购的发明变得更具影响力、被更广泛引用，并更深入地融入收购方和竞争对手的后续创新之中。然而，竞争格局的长期变化仍需进一步研究。