@ARTICLE{26543116_454763566_2021, 
	author = {Elena Ochirova and Yury Dranev}, 
	keywords = {, mergers and acquisitions (M&A), ICT sector, research and development (R&D), gross domestic expenditure on R&D, DEAdigital technologies},
	title = {<p class="text">The Impact of R&amp;D Expenditure upon the Efficiency of M&amp;A Deals with Hi-Tech Companies</p>},
	journal = {Foresight and STI Governance},
	year = {2021},
	volume = {15},
	number = {1},
	pages = {31-38},
	url = {https://foresight-journal.hse.ru/en/2021-15-1/454763566.html},
	publisher = {},
	abstract = {The motives behind merger and acquisitions (M&amp;A) are often linked with the opportunities to obtain knowledge and technologies in order to enhance the competitive advantages of companies. In particular, the acquisition of digital technologies through mergers and acquisitions with ICT companies is especially relevant. However, the efficiency of such deals is often low and calls into question the implementation of digitalization strategies of companies. In this study we employ an approach for assessing the efficiency of M&amp;A deals with ICT companies by using the DEA method. Applying regression analysis, it was found that the high level of research and development expenses of acquirers can negatively impact the efficiency of the M&amp;A deals with ICT companies.},
	annote = {The motives behind merger and acquisitions (M&amp;A) are often linked with the opportunities to obtain knowledge and technologies in order to enhance the competitive advantages of companies. In particular, the acquisition of digital technologies through mergers and acquisitions with ICT companies is especially relevant. However, the efficiency of such deals is often low and calls into question the implementation of digitalization strategies of companies. In this study we employ an approach for assessing the efficiency of M&amp;A deals with ICT companies by using the DEA method. Applying regression analysis, it was found that the high level of research and development expenses of acquirers can negatively impact the efficiency of the M&amp;A deals with ICT companies.}
}