| Under the background of economic globalization and national innovation development strategy,competition of innovation capability has gradually become the core of enterprise competition.In order to improve the ability of technological innovation and speed up the transformation and upgrade,more and more Technology Mergers and acquisitions are made by domestic enterprises.With the integration of three networks and the upgrade of consumption,the color TV industry is in a critical period of transformation from traditional TV to intelligent upgrade.In order to improve the technological innovation ability,some key color TV manufacturers have laid out chips,expanded business,operated Internet TV cloud platform,reconstructed videos,displayed industrial chain layout,and accelerated the pace of overseas technology mergers and acquisitions in the color TV industry.However,due to the differences in technology,culture,market and business model between the main merger and the target enterprise in technology M&A,there may be greater resistance in technology absorption and resource integration of enterprises after M&A.The improvement of innovation effect after M&A cannot meet the expectations of enterprises.Therefore,it is of great significance to study the impact path of knowledge matching on the innovation performance of mergers and acquisitions under technology M&A to improve the acquisition innovation capability of technology M&A enterprises.This paper mainly adopts case study method to study the merger and acquisition of Toshiba image by Haixin Video.By consulting the Research Report of merger and acquisition of listed companies,the report of 2015-2020 of Haixin Video,announcement and combing related literature and data,it describes the merger and acquisition status of listed companies and color TV industry,describes the recognition of knowledge matching in the merger and acquisition integration of Haixin Video in the merger and acquisition of Toshiba image case,from knowledge complementarity,knowledge similarity,The three dimensions of knowledge heterogeneity reveal the impact path of knowledge matching on innovation performance,and analyze the effect of knowledge matching on innovation performance of Technology Mergers and acquisitions from four aspects: R&D investment,number of R&D personnel,number of patent applications,and market share of new products.The research finds that the path of knowledge matching affecting innovation performance is knowledge complementarity promoting business performance improvement,stimulating talent innovation enthusiasm,balancing technology research and development,knowledge similarity promoting R&D investment increase,narrowing cultural gap,knowledge heterogeneity promoting communication and sharing among members,transformation of resource advantages,and ultimately acting on innovation performance to achieve the improvement of innovation effect.Hitachi Video uses knowledge matching to effectively promote R&D investment,increase the number of patents and increase the market share of new products.This analysis give suggestions for color TV companies to find the path that knowledge matching affects technological innovation,and enriches the research on knowledge matching and technological M&A innovation performance. |
