High-tech Enterprise Technology Innovation Incentive Effects Of M&A Research

Innovation has always been leading the first motive force in the development,as the IT technology and information and communications technology change with each passing day,high-tech enterprise through continuous innovation technology to realize the sustainable development Strategy of the company.In view of the science and technology enterprises high technical content,the characteristics of R&D intensity,only rely on their own internal research and development to upgrade the products and perfect industrial chain,and rely on access to external advanced technology to improve enterprise’s technological innovation ability is one of important measures taken by the enterprises in our country.As a software and information service in the industry leading enterprises in kechuang,for faster development of new products to enter and occupy smart car market,through technology acquisition Rightware Oy to improve innovation capability,to achieve industrial upgrading and strategic transformation.At first,this thesis from two aspects of input and output analysis of unilateral kechuang technology changes before and after the merger and acquisition,and then from the enterprise innovation efficiency before and after mergers and acquisitions,financial index analysis in constructing integrated model estimation using DEA method of data envelopment kechuang technology total factor productivity change before and after m&a,with factor analysis finally integrated various aspects can be quantitative indicators,mergers and acquisitions is educed by analyzing the technology of innovation incentive incentive effects of four conclusion as follows:(1)in kechuang enterprise innovation input and output gradually increase after the merger,promote the innovation investment ability create more innovation output;(2)the innovation of market reaction significantly,technology acquisition in kechuang innovation efficiency improved significantly,absorb new technology resources and successfully converted to new innovations increased enterprise’s income approach,realize the upgrading of the industrial chain of the enterprise;(3)improved efficiency of enterprise innovation comes from technology mergers and acquisitions,and the index of technical progress is the main influence factors.(4)factor analysis synthetically analysis composite scores continue to rise,in kechuang suggests that over time after the merger and internal knowledge integration,enhance the level of enterprise’s innovation and incentive effects become more and more obvious.Thesis kechuang amounted to a single case in the study have limitations but the merger incentive on the successful experience of enterprise innovation,and thus provide constructive technology for other types of enterprise mergers and acquisitions advice,help to promote other businesses use external access technology rapid precision to raise their ability to innovate,promote the positive development of the industry.