Firm Organization, Technology Adoption and Merger and Acquisition Activity

这项研究的重点是企业采用新的工艺技术。 特别是，它着眼于技术采用的后果是如何与企业的组织结构和行业生命周期的阶段。 关于产业演变的现有证据表明，产业在其生命周期中会经历一次或多次重大的结构调整。 证据表明，一个行业中公司数量的变化往往发生在新技术的引入改变了公司之间的竞争优势的时候。 我们将确定企业的组织结构如何影响其利用产业转型的能力，成功地采用新技术，并通过兼并和收购在产业重组中获得能力。该项目将有助于了解新技术如何在企业群体中扩散，以及这种扩散如何影响企业的规模和组织及其兼并或收购其他企业的动机。 了解扩散过程是如何发生的，将有助于统计人员预测未来的生产力增长，并有助于评价政府监测生产力增长的政策。

This research focuses on the adoption of new process technologies by firms. In particular, it looks at how the consequences of technology adoption are related to firms' organizational structures and the stages of the industry lifecycles. Existing evidence on industry evolution shows that industries go through one or more major episodes of restructuring during their lifecycles. The evidence suggests that changes in the number of firms in an industry often occur at times when new technologies are introduced that change the competitive advantage among firms. We will identify how the firm's organizational structure affects its ability to exploit industry transitions by successfully adopting new technologies and acquiring capacity through mergers and acquisitions in the restructuring of industries. This project will help understand how new technologies diffuse through the population of firms, and how this diffusion affects the size and organization of firms and their incentives to merge or acquire other firms. Understanding how the process of diffusion occurs will help statisticians project future productivity increases and help in the evaluation of government policies to monitor increases in productivity.