The Effects of M & A on the Market and Technological Competitiveness

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The purpose of this re search is to analyze the effects of Merger and Acquisition on the firm's market and technological competitiveness. The results show that the merger decreases the firm's capability of developing and using technology due to the decreases in the market share and the complementary asset, though the number of observations in this research is limited and most of them are intended to rationaliz e the existing business. Our results also s uggest that the merger increases the effectiveness of firm's R & D activity.