Research On Innovation Performance Of Cross-Border Technology M&A Of H Company

Currently,factors such as capital,technology,talent,and information are constantly circulating around the world,leading to a gradual increase in market competition.It will become difficult for enterprises to rely on existing scale effects for sustainable development.Innovative development is a key factor for enterprises to stand out in the same industry,and strategic approaches such as product advantages and market expansion rely on the innovative capabilities of the enterprise itself.Currently,innovation alliances,cross-border search,and technology mergers and acquisitions are used in the market to enhance their innovation capabilities.Technology mergers and acquisitions are the most obvious and fastest ways to enhance their innovation capabilities.They can absorb the core technology of the target party at the fastest speed,break down technical barriers,and incorporate all human resources,organizations,and resources to gain the target party’s marketing channels,brands,and markets.Cross-border technology M&A is a process in which companies acquire new technologies and markets,thereby breaking down their core technical barriers and achieving industrial extension,creating new technology combinations that have higher integration and synergy value.In this way,enterprises break the boundaries of technological resources,quickly absorb scarce and valuable resources in the market,and form new resource combinations to enhance competitive advantage.Due to these characteristics,cross-border technology mergers and acquisitions have become a preferred way for enterprises to cross fields and quickly acquire new technologies and products.Based on scholars’ research on the impact of cross-border technology mergers and acquisitions on innovation performance,this article summarizes relevant literature and basic theories on cross-border technology mergers and acquisitions and innovation performance at home and abroad,and determines the research direction and methods.Taking the merger and acquisition case of H Company as the background,this article first sorts out and explains the situation and process of enterprise merger and acquisition;Then,it analyzes the changes in internal innovation performance from three perspectives: innovation input,innovation output,and innovation efficiency.Among them,innovation investment and innovation output are measured by indicators such as R&D investment,R&D personnel,and product income,while innovation efficiency is analyzed using DEA model;Next,analyze and summarize the changes in the innovation performance of the external market of the enterprise based on the innovative product market and technology market situation after the enterprise conducts cross-border technology mergers and acquisitions.Finally,it summarizes the full text and puts forward relevant suggestions for H Company’s innovation performance.The research results show that:(1)Company H has achieved short-term improvement in innovation performance through cross-border technology mergers and acquisitions,but has not maintained a long-term sustained improvement.(2)The technological level and innovation ability of Company H affect the absorption and integration of enterprises after mergers and acquisitions,and thus affect the innovation performance of enterprises after cross-border technology mergers and acquisitions.(3)After cross-border technology mergers and acquisitions,Company H has experienced redundancy and insufficient research and development,which requires reasonable adjustment.