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如何与公司的组织结构和行业生命周期的阶段相关。关于行业演变的现有证据表明，行业在其生命周期中经历了一个或多个重大的重组时期。证据表明，一个行业中公司数量的变化往往发生在新技术引入改变公司之间竞争优势的时候。我们将确定公司的组织结构如何通过成功采用新技术和在行业重组中通过合并和收购获得能力来影响其利用行业转型的能力。这个项目将有助于了解新技术如何在公司群体中传播，以及这种传播如何影响公司的规模和组织以及他们合并或收购其他公司的动机。了解扩散过程是如何发生的，将有助于统计学家预测未来生产率的提高，并有助于评估政府监测生产率提高的政策。

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.