Time/时间：2026.05.08 10:00-11:30

Venue/地点：Room 501, Jiageng Building 2/嘉庚二号楼501教室

Topic/题目：Technological Overlap and the Accounting Recognition of Technology-Related Intangibles: Evidence from Mergers and Acquisitions

Speaker/报告人：车逸行助理教授

Content/报告内容简介

Investments in intangible assets are increasingly central to firm value creation, yet most internally generated intangibles are expensed under U.S. GAAP. Mergers and acquisitions (M&A) provide a unique setting in which a target firm’s technology-related intangible assets can be recognized through the acquirer’s purchase price allocation disclosures. We examine how technological overlap between acquirers and targets affect the measurement of technology-related intangible assets following M&A transactions. Using patent disclosures, we construct an output-based measure of pre-merger technological overlap that captures potential technological synergy or redundancy between the acquirer and target. We analyze 401 U.S. mergers completed between 2002 and 2021 and find that greater technological overlap is associated with lower allocations of purchase price to technology-related intangible assets, consistent with technological redundancy. Cross-sectional analyses show that this relation varies across same- versus cross-industry mergers and across technology-intensive industries. Overall, our findings link innovation outputs to intangible asset measurement and inform debates about fair-value reporting in an increasingly intangible-driven economy.

About the Speaker/报告人介绍

车逸行，会计学博士，现任厦门大学财务管理与会计研究院助理教授，博士毕业于加拿大滑铁卢大学会计学专业，本科及硕士毕业于美国伊利诺伊大学香槟分校会计学专业。研究方向主要聚焦于创新、ESG议题、人工智能、信息披露与供应链管理等领域。