| With the improvement of economic and technology and the development of globalization,cross-border mergers and acquisitions have become one of the main ways for enterprises to seek for technological innovation capabilities.However,after the completion of cross-border mergers and acquisitions,the technological innovation of enterprises may not necessarily be improved.Therefore,from the perspective of hindering technological innovation,it is necessary to provide managers with management strategies to overcome obstacles and facilitate the promotion of technological innovation in multinational mergers and acquisitions companies at different stages after the completion of multinational mergers and acquisitions.Existing research on cross-border mergers and acquisitions and corporate innovation barriers does not fully consider the impact of cross-border merger and acquisition culture differences on corporate technological innovation barriers,does not consider the dynamics of time,and qualitative research-based research methods make the research results less versatile.Therefore,this paper builds a dynamic impact model of technological innovation obstacles for multinational mergers and acquisitions.The specific research contents are as follows: First,based on the obstacles affecting enterprise technological innovation in the Oslo Handbook(Oslo),combined with cross-border merger and acquisition theory,a culture A five-dimensional model of hindering factors for cross-border M & A technological innovation with systems,knowledge,markets,and costs.Secondly,on the basis of the five-dimensional innovation hindrance model,further consider the characteristics of cross-border M & A and the continuity of corporate technological innovation activities,and select the year and the completion of cross-border M & A according to the best time window proposed by Olso to study corporate innovation In the next 3 years,a total of 4 years was the time window of this research,and then a model of the dynamic impact of technological innovation hindrance of multinational merger and acquisition companies was constructed,and the indicators were quantified.Finally,this article selects Chinese listed companies that completed cross-border M & A activities from 2008 to 2015 as the research object,and uses neural network method to empirically test the dynamic obstruction model.The main research results show that: The system and cost barrier dimension is the most important factor in the first year after the completion of the cross-border M&A;the second year after the completion of the cross-border M&A is the market and cultural barrier dimension;the third year after the completion of the cross-border merger becomes the cost and knowledge barrier dimension.Based on the conclusion,this paper puts forward three kinds of system,market and cost-led technology innovation management strategies for multinational mergers and acquisitions enterprises,which are used to help managers more effectively manage the technological innovation of enterprises after the completion of multinational mergers and acquisitions.The innovation of this research lies in:(1)expanding the obstacles into five dimensions: culture,institution,knowledge,market and cost;(2)constructing a model for the dynamic impact of technological innovation hindrance of multinational mergers and acquisitions companies.Dimensional indicators are used for scientific measurement and empirical research;(3)Three types of technology innovation management strategies for multinational mergers and acquisitions companies are proposed;(4)Neural network research methods are introduced into the field of multinational mergers and acquisitions innovation research.Therefore,this article not only theoretically enriches the research in the field of corporate technological innovation obstacles,but also provides a new management strategy reference for enterprises' multinational merger and acquisition enterprise technological innovation management. |
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