MIOIR Working Paper Series

A collection of working papers from across disciplines, covering a broad range of issues related to Innovation.

The MIoIR Working Papers Series publishes new studies relevant to the Institute's research themes:  

  • Innovation management; 
  • Sustainable innovation; 
  • Science, technology, and innovation policy; and 
  • Emerging technologies. 

The latest from the Manchester Institute of Innovation Research Working Paper series:


Working Paper 2023-01: Can scientists remain internationally visible after the return to their home country? A study of Chinese scientists - Ying Zhang, Cornelia Lawson, Liangping Ding

Returning scientists play a critical role in building up the academic workforce and science in their home country. Yet, in this study we argue that return mobility may limit scientists‟ international relevance and thus spillover effects may not be realised. We take scientists returning to China as a sample to investigate the impact of return mobility on international visibility/impact. What is more, we explore the roles of the international collaboration network and international knowledge base in this effect. Our findings clarify the limitation of return mobility and provide some empirical evidence on the limits of global knowledge spillovers in science and talent introduction policies.

Working Paper 2023-02: To acquire or not to acquire? Duration of due diligence in technology acquisitions - Xavier Castaner, Panos Desyllas, Huma Javaid, Orietta Marsili

Based on information economics and organizational learning literatures, we investigate how information asymmetry and uncertainty regarding the value of technological resources of target firms influence the due diligence process after an acquisition announcement is made by the acquirer. We study how information asymmetry between the acquirer and target firm captured by the technological distance between the two firms’ patent portfolio extends the due diligence process. Additionally, we study how uncertainty about target firms’ technological resources explained by the pending patent applications of target firms tends to prolong the duration of due diligence. Further, we argue that business similarity reduces information asymmetry between the acquirer and target firm and shortens the duration of due diligence. We test the predictions on a sample of acquisitions of privately held technology firms in the UK and find a significantly positive effect of targets’ pending patent applications on due diligence duration that is amplified by technological distance but reduced by business similarity. The findings of the study contribute to the M&A literature that higher information asymmetry and uncertainty lengthen the due diligence process of the acquirers when evaluating prospective target firms.

We welcome submissions from members of the Institute as well as from external authors who work in a relevant research area. Both work in progress and finalised research will be considered.