Transfer Effects in Large Acquisitions: How Size-Specific Experience Matters

Autor:	Annette L. Ranft, Kimberly M. Ellis, Taco H. Reus, Bruce T. Lamont
Přispěvatelé:	Department of Business-Society Management
Rok vydání:	2011
Předmět:	Management of Technology and Innovation Strategy and Management Learning theory Organizational culture Business Business and International Management Marketing Organizational effectiveness General Business Management and Accounting Organizational performance
Zdroj:	Academy of Management Journal, 54(6), 1261-1276. Academy of Management
ISSN:	1948-0989 0001-4273
Popis:	We examine whether size-specific experience influences performance following large related, domestic acquisitions. Supporting a transfer theory of learning, our results suggest that although prior experience in making large, related acquisitions transfers positively to this focal situation, experience in making small related acquisitions hurts firm performance. We find that bidder-to-target dissimilarity in product offerings and geographic reach exacerbates the negative effects of experience in small related acquisitions. In contrast, perceived dissimilarity in organizational cultures curbs these negative effects. Moreover, retaining acquired top managers and engaging in less integration in large related acquisitions both aid acquirers in better drawing on experiences from smaller related acquisitions.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e13bb5153ca0756151604bc67c2874ac https://doi.org/10.5465/amj.2009.0122 Zobrazit plný text záznamu Plný text ve formátu PDF