Mergers and acquisitions: Their effect on the innovative performance of companies in high-tech industries

This study examines the post-M&A innovative performance of acquiring firms in four major high-tech sectors. Non-technological M&As appear to have a negative impact on the acquiring firm's post-M&A innovative performance. With respect to technological M&As, a large relative size of the acquired knowledge base reduces the innovative performance of the acquiring firm. The absolute size of the acquired knowledge base only has a positive effect during the first couple of years after which the effect turns around and we see a negative effect on the innovative performance of the acquiring firm. The relatedness between the acquired and acquiring firms’ knowledge bases has a curvilinear impact on the acquiring firm's innovative performance. This indicates that companies should target M&A ‘partners’ that are neither too unrelated nor too similar in terms of their knowledge base.     

Are we meeting the counselling needs of the student community? A needs assessment involving students on a South African campus

The object of the study was to determine the major needs of students at the University of the Western Cape (U.W.C.). A second aim was to determine how students view the nature of the Centre for Student Counselling (C.S.C.). No needs assessments have previously been done on the U.W.C. campus and this lack of knowledge pertaining to the needs of students could have meant a misdirected focus in terms of the provision of counselling services.The study was done with a representative sample of students from all the year groups. Students were asked to fill in a questionnaire consisting of two parts. In Part I a student had to indicate how prevalent he thought a particular set of problems were on campus. In Part II he had to indicate whether he would have referred a friend to the C.S.C. with a particular problem.The results had indicated that problems were predominantly seen to be in the vocational-academic area and that students were more willing to refer fellow students to the C.S.C. with the above-mentioned problems than with problems of a more personal-social nature. Although the results were to be expected, it was emphasized that vocational-academic problems are often used as a smoke-screen and that counsellors should also be aware of underlying social-emotional problems.     

The impact of electric overhead radiant heating on the indoor environment of historic churches

The impact of electric overhead radiant heaters on the microclimate, air flows, transport and deposition of suspended particulate matter (SPM) was monitored between March 2004 and March 2005 in the historic churches of Saint Michael Archangel in Szalowa and Saint Catherine in Cracow (Poland). The measurements show that although irradiation at the floor level increases temperature and reduces relative humidity in the interior of the church, the effect out of the heated zone and for the surfaces sheltered from irradiation is very limited, i.e. their extent is comparable with natural fluctuations inherent to the local climate of the church. The radiant heaters proved to generate little convectional flow of the air. Therefore, the heating system was not found to increase the concentration of SPM indoors; in particular, no re-suspension of particles already present in the church was observed. This work has demonstrated that the overhead radiant heaters are capable of providing localised heat to the areas where people congregate without adversely affecting painted walls and the works of arts displayed in churches. Care, however, should be taken that sensitive works of art are not exposed to the direct infrared radiation.     

Ahead of the pack? Explaining the unequal distribution of scholarships in Germany

This article investigates to what extent scholarships are unequally distributed among students in Germany and how these inequalities can be explained. Following sociological theory, the article argues that elites seek qualitative ways of distinguishing themselves in a mass higher education system. Using student surveys, we demonstrate that class effects cannot merely be explained with reference to class differences in academic achievement but that higher classes have better access to scholarships independent of earlier school performance. Class differences were particularly persistent when the intermediate classes were compared with higher classes with more education. These findings illustrate that social classes have different strategies when it comes to participating in higher education and suggest that information about and access to scholarships is important in gaining a class advantage.     

Assisting College Students With Athletic Disengagement

This article examines college student disengagement from sports, presents a multidimensional concept of athletic identity, and introduces a new measure intended to assist college counselors in their work with disengaged athletes. The Multidimensional Athletic Identity and Engagement Scale (MAIES) is introduced (Cronbach alpha .98, with subscale alphas between .78 and .96), and the results of exploratory and confirmatory factor analyses and convergent and divergent validity with 250 college student participants are presented. Using case examples, the authors discuss how counselors may use the MAIES in their work with students. Limitations of the study and suggestions for future research are discussed.     

Combining entrepreneurial and scientific performance in academia: towards a compounded and reciprocal Matthew-effect?

The increase of entrepreneurial activity within academia has raised concerns that the research orientation of universities might become ‘contaminated’ by the application-oriented needs of industry. Empirical evidence on this concern is scarce and ambiguous. We examine whether entrepreneurial and scientific performance in academia can be reconciled. Our empirical findings (KU Leuven, Belgium) suggest that both activities do not hamper each other; engagement in entrepreneurial activities coincides with increased publication outputs, without affecting the nature of the publications involved. As resources increase, this interaction becomes more significant, pointing towards a Matthew-effect. We finally suggest that balancing both activities further depends on the institutional policies deployed.     

Publication and patent behavior of academic researchers: Conflicting, reinforcing or merely co-existing?

Increasing entrepreneurial activity within academia has raised concerns that the number of publications added to the scientific commons might be reduced or that academic research would be directed exclusively towards the application-oriented needs of industry. In the case of academic inventions, the potential conflict between public- and private-oriented considerations seems most salient. In this contribution, we examine whether the publication behavior of academic inventors (at K.U. Leuven) differs from their colleagues (non-inventors) working within similar fields of research. Our analysis reveals that inventors publish significantly more. Moreover, no empirical evidence was found for the ‘skewing problem’. These findings not only suggest the co-existence of both activities; they may actually reinforce each other.