Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/30238
Appears in Collections:Management, Work and Organisation Working Papers
Title: Mergers and Acquisitions, Open Innovation and UK High Growth SMEs
Author(s): Mawson, Suzanne
Brown, Ross
Citation: Mawson S & Brown R (2016) Mergers and Acquisitions, Open Innovation and UK High Growth SMEs. Working Papers in Responsible Banking & Finance, 16-012. Centre for Responsible Banking & Finance. https://www.st-andrews.ac.uk/business/rbf/workingpapers/RBF16_012.pdf
Keywords: entrepreneurship
High Growth Firms
Acquisition
Open innovation
M&As
UK
JEL Code(s): D21: Firm Behavior: Theory
L25: Firm Performance: Size, Diversification, and Scope
L26: Entrepreneurship
Issue Date: 1-Nov-2016
Series/Report no.: Working Papers in Responsible Banking & Finance, 16-012
Abstract: This paper examines the dynamics of entrepreneurial acquisitions undertaken by UK high growth small and medium enterprises (S M E s). While entrepreneurial acquisitions are increasingly deployed by S M E s, little is known about their antecedents, motivational drivers and organisational outcomes. Drawing on detailed case study evidence from Scotland, the key factor found to be driving these acquisitions was the desire to augment and exploit technological complementarities between the acquiring an d acquired firms. Acquisition can therefore be conceptualised as an advanced stage of the outside-in ‘open innovation’ strategies proactively used within these innovative S M E s. Firms executing this strategy typically have an acute propensity for risk , a desire for close customer engagement, effective business models and strong external orientation . The work suggests that greater attention should be paid within M & A theory to the dynamics of these types of smaller scale entrepreneurial acquisitions.
Type: Working Paper
URI: http://hdl.handle.net/1893/30238
URL: https://www.st-andrews.ac.uk/business/rbf/workingpapers/RBF16_012.pdf
Rights: The publisher has granted permission for use of this work in this Repository. Published in the RBF Working Paper Series:
Affiliation: Management, Work and Organisation
University of St Andrews
Licence URL(s): https://storre.stir.ac.uk/STORREEndUserLicence.pdf

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