This paper uses data on new subsidiaries, acquisitions, collaborative agreements, and patents of the largest 32 US and European electronics firms during 1984-1992 to examine the relationships between technological and business diversification. We find that during the 1980s many firms focused on fewer businesses, but we find no evidence of greater technological focus. We argue that this is related to the fact that, in spite of technological convergence, electronics sectors still command highly industry- or even product-specific downstream assets. In addition, we find that business focus improved performance, but that better performance is also associated with greater technological diversification. We discuss some interpretation of this finding. © 1998 Elsevier Science B.V. All rights reserved.

Does technological convergence imply convergence in markets? Evidence from the electronics industry

GAMBARDELLA, ALFONSO;
1998

Abstract

This paper uses data on new subsidiaries, acquisitions, collaborative agreements, and patents of the largest 32 US and European electronics firms during 1984-1992 to examine the relationships between technological and business diversification. We find that during the 1980s many firms focused on fewer businesses, but we find no evidence of greater technological focus. We argue that this is related to the fact that, in spite of technological convergence, electronics sectors still command highly industry- or even product-specific downstream assets. In addition, we find that business focus improved performance, but that better performance is also associated with greater technological diversification. We discuss some interpretation of this finding. © 1998 Elsevier Science B.V. All rights reserved.
1998
Gambardella, Alfonso; Torrisi, S.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/50945
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 311
  • ???jsp.display-item.citation.isi??? 260
social impact