Research Summary
The market for acquiring technology companies is rife with information frictions. Although such frictions can stifle trading activity, they also provide room for strategic gain. We ...investigate this dual role of information frictions by exploiting an institutional reform that releases technological information to the public domain. Leveraging cross‐sectoral variation in the magnitude of disclosure, we find an increase in acquisition activity and in the technological distance between matched pairings. In line with predictions from strategic factor market theory, however, we also find a disproportionate decline in acquirer returns on average. Our findings suggest that information disclosed through the reform‐facilitated exchange in the takeover market yet had a leveling effect on the returns to acquirers.
Managerial Summary
Firms acquire technology‐oriented companies to complement internal R&D projects and accelerate the innovation process. But identifying promising targets is challenging, not least due to the lack of information about the value of acquired technologies. This study investigates an information shock and tests its effects on the market for acquiring technology‐intensive companies. We find that greater disclosure of technological information to the public domain intensifies trading activity and allows acquirers to better identify and assess targets outside their core technological domains. But it also reduces the returns to acquirers. In combination, our findings illuminate a dual role of information disclosure: placing more information into the public domain may facilitate trade in corporate takeover markets while simultaneously restricting acquirer opportunities for strategic gain.
Eye tracking has become a valuable tool for investigating infant looking behavior over the last decades. However, where eye‐tracking methodology and achieving high data quality have received a much ...attention for adult participants, it is unclear how these results generalize to infant research. This is particularly important as infants behave different from adults in front of the eye tracker. In this study, we investigated whether eye physiology, positioning, and infant behavior affect measures of eye‐tracking data quality: accuracy, precision, and data loss. We report that accuracy and precision are lower, and more data loss occurs for infants with bluish eye color compared to infants with brownish eye color. Moreover, accuracy was lower for infants positioned in a high chair or in the parents' lap compared to infants positioned in a baby seat. Finally, precision decreased and data loss increased as a function of time. We highlight the importance of data quality when comparing multiple groups, as differences in data quality can affect eye‐tracking measures. In addition, we investigate how two different measures to quantify infant movement influence eye‐tracker data quality. These findings might help researchers with data collection and help manufacturers develop better eye‐tracking systems for infants.
Purpose
Adopting Ajzen’s theory of planned behaviour theoretical framework, this paper aims to explore repurchase intentions among short-term rental users and changes in determinants of repurchase ...intention in the context of the COVID-19 pandemic.
Design/methodology/approach
Data for the research was collected via a cross-country quantitative survey (N = 1,433) in five European countries: Croatia, Italy, Spain, Turkey and the UK during 2020. Trust, perceived value, authenticity and perceived risk were incorporated into the structural equation model as part of an integrated analysis of antecedents of repurchase intention.
Findings
Perceived value and authenticity are the key drivers of a positive attitude to repurchase of short-term rentals even after the pandemic. The pandemic modified the role of perceived risk in determining attitude towards short-term rentals as perceived risks could negatively affect attitude and repurchase intention after COVID-19. Trust in the platform and the host became a significant determinant of repurchase intentions after the spread of COVID-19.
Research limitations/implications
The analysis has shown the link between attitude, subjective norms, perceived behavioural control and repurchase intention, and has thus demonstrated a successful application of the theory of planned behaviour to short-term rental users.
Originality/value
The results of this study suggest a possible reconceptualisation of repurchase determinants due to the pandemic. The study offers a timely contribution to the research on the impact of the pandemic on the determinants of tourists’ repurchase intentions.
Considering (that) research issues of the worldwide development are becoming in need of improvement of their methodological tools increasingly, the theme of the article is a meaningful one amid ...existing digital revolution. Also taking into account that the huge mass of information still needs modern form of data processing and further modeling alongside the theoretical evaluation of current changes in our civilization on a global scale. The purpose of article is to investigate theoretical aspects of artificial and its interaction with the process of globalization and to study digital processes as one of the modern characteristic of the development of our civilization. Following completion of the research we have made a conclusion that the digital economy, when it meets the most complicated artificial levels, will face a fundamental transformation of existing industrial relations, and the consolidation of production and services will be the result of such transformation and will lead to the emergence of the single digital ecosystem.
Previous studies rarely examined the relationship between intellectual capital and organizational learning capability. Moreover, most studies neglect the mediating effect of organizational learning ...capability in the relationship between intellectual capital and new product development performance. This study uses interviews and the survey method to discuss the relationships governing intellectual capital, organizational learning capability, and new product development performance. Results are based on empirical data from Taiwan's IC design industry, and are generated by the Partial Least Squares (PLS) method. Results show that human capital and relational capital actually improve new product development performance through organizational learning capability. Although structural capital positively affects organizational learning capability, managers should pay attention to possibly negative effects of structural capital on new product development performance. Relational capital is the greatest factor among these three types of intellectual capital in Taiwanese IC design companies, structural capital is second, and human capital is last. Comparing three types of intellectual capital of Taiwan's large enterprises with those of Taiwan's small and medium enterprises (SMEs) reveals that the relational capital of Taiwan's SMEs is marginally less than that of large enterprises.
Social media are now an important aspect of the professional lives of school teachers. This paper explores the growing use of mass ‘teacher groups’ and ‘teacher communities’ on social media platforms ...such as Facebook. While these online communities are often welcomed as a means of professional learning and support, the paper considers the extent to which Facebook groups also expose teachers to some of the less beneficial aspects of social media, such as various forms of ‘digital labour’, commercialisation of exchanges and predominance of individualised reputation‐driven behaviours. Drawing on a detailed examination of a Swedish teacher Facebook group of over 13,000 members, the paper first addresses aspects of the online community that could be seen as professionally beneficial and/or valuable—particularly in terms of information exchange and social support. Yet while perceived by participants as a relatively beneficial and uncontroversial aspect of their working lives, the research also points to characteristics of the Facebook group that constituted disadvantaging, exploitative and/or disempowering forms of technological engagement. In these terms, the paper highlights tensions between what appears to ‘work’ for individual teachers in the short term and likely longer‐term implications that these practices might have for diminished professionalism and expertise of teachers.
This study scrutinises the influence of foreign direct investment (FDI) inflows, energy consumption on Information and Communication services (ICTs) in selected economies of South Asia. This research ...is based on heterogenous and second generation framework of panel data-set from 1999 to 2021. This study used augmented mean group (AMG), mean group (MG), and common correlated effects mean group (CCEMG) assessors, which further promotes the substantial and favourable influence of FDI services, and energy consumption on ICTs. However, the impact of terrorism is insignificant on ICTs in the region of South Asia. The results indicate that economies of these region must embrace investment reform measures in order to draw FDI into the services sector, increase exports of services, and progress towards economic stability.
Recording eye movement data with high quality is often a prerequisite for producing valid and replicable results and for drawing well-founded conclusions about the oculomotor system. Today, many ...aspects of data quality are often informally discussed among researchers but are very seldom measured, quantified, and reported. Here we systematically investigated how the calibration method, aspects of participants’ eye physiologies, the influences of recording time and gaze direction, and the experience of operators affect the quality of data recorded with a common tower-mounted, video-based eyetracker. We quantified accuracy, precision, and the amount of valid data, and found an increase in data quality when the participant indicated that he or she was looking at a calibration target, as compared to leaving this decision to the operator or the eyetracker software. Moreover, our results provide statistical evidence of how factors such as glasses, contact lenses, eye color, eyelashes, and mascara influence data quality. This method and the results provide eye movement researchers with an understanding of what is required to record high-quality data, as well as providing manufacturers with the knowledge to build better eyetrackers.
Acquirers who buy small technology-based firms for their technological capabilities often discover that postmerger integration can destroy the very innovative capabilities that made the acquired ...organization attractive in the first place. Viewing structural integration as a mechanism to achieve coordination between acquirer and target organizations helps explain why structural integration may be necessary in technology acquisitions despite the costs of disruption this imposes, as well as the conditions under which it becomes less (or un-) necessary. We show that interdependence motivates structural integration but that preexisting common ground offers acquirers an alternate path to achieving coordination, which may be less disruptive than structural integration.
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