메뉴 건너뛰기




Volumn 21, Issue 10-11, 2000, Pages 1061-1081

Path-dependent and path-breaking change: Reconfiguring business resources following acquisitions in the U.S. medical sector, 1978-1995

Author keywords

Acquisitions; Business change; Resource reconfiguration; Routine based perspective on strategy

Indexed keywords


EID: 0000127648     PISSN: 01432095     EISSN: None     Source Type: Journal    
DOI: 10.1002/1097-0266(200010/11)21:10/11<1061::aid-smj116>3.0.co;2-g     Document Type: Article
Times cited : (463)

References (73)
  • 1
    • 84989051530 scopus 로고
    • Diversification strategies, business cycles and economic performance
    • Amit R, Livnat J. 1988. Diversification strategies, business cycles and economic performance. Strategic Management Journal 9(2): 99-110.
    • (1988) Strategic Management Journal , vol.9 , Issue.2 , pp. 99-110
    • Amit, R.1    Livnat, J.2
  • 5
    • 84989085094 scopus 로고
    • Returns to bidding firms in mergers and acquisitions: Reconsidering the relatedness hypothesis
    • Barney J. 1988. Returns to bidding firms in mergers and acquisitions: reconsidering the relatedness hypothesis. Strategic Management Journal, Summer Special Issue 9: 71-78.
    • (1988) Strategic Management Journal , vol.9 , Issue.SUMMER SPECIAL ISSUE , pp. 71-78
    • Barney, J.1
  • 6
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney J. 1991. Firm resources and sustained competitive advantage. Journal of Management 17(1): 99-120.
    • (1991) Journal of Management , vol.17 , Issue.1 , pp. 99-120
    • Barney, J.1
  • 8
    • 84873041727 scopus 로고
    • Corporate restructuring: Reconfiguring the firm
    • Bowman EH, Singh H. 1993. Corporate restructuring: reconfiguring the firm. Strategic Management Journal, Summer Special Issue 14: 5-14.
    • (1993) Strategic Management Journal , vol.14 , Issue.SUMMER SPECIAL ISSUE , pp. 5-14
    • Bowman, E.H.1    Singh, H.2
  • 9
    • 0002479105 scopus 로고
    • Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms
    • Bradley M, Desai A, Kim EH. 1988. Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms. Journal of Financial Economics 21: 3-40.
    • (1988) Journal of Financial Economics , vol.21 , pp. 3-40
    • Bradley, M.1    Desai, A.2    Kim, E.H.3
  • 10
    • 84989060384 scopus 로고
    • Effects of executive departures on the performance of acquired firms
    • Cannella AA, Hambrick DC. 1993. Effects of executive departures on the performance of acquired firms. Strategic Management Journal, Summer Special Issue 14: 137-152.
    • (1993) Strategic Management Journal , vol.14 , Issue.SUMMER SPECIAL ISSUE , pp. 137-152
    • Cannella, A.A.1    Hambrick, D.C.2
  • 11
    • 0000403001 scopus 로고    scopus 로고
    • The long-term performance impact of horizontal acquisitions
    • Capron L. 1999. The long-term performance impact of horizontal acquisitions. Strategic Management Journal 20(11): 987-1018.
    • (1999) Strategic Management Journal , vol.20 , Issue.11 , pp. 987-1018
    • Capron, L.1
  • 12
    • 0000784093 scopus 로고    scopus 로고
    • Bilateral resource redeployment following horizontal acquisitions: A multi-dimensional study of business reconfiguration
    • Capron L, Mitchell W. 1998. Bilateral resource redeployment following horizontal acquisitions: a multi-dimensional study of business reconfiguration. Industry and Corporate Change 7 453-484.
    • (1998) Industry and Corporate Change , vol.7 , pp. 453-484
    • Capron, L.1    Mitchell, W.2
  • 13
    • 0039286466 scopus 로고    scopus 로고
    • The impact of relevant resources and market failure on modes of business change
    • University of Michigan
    • Capron L, Mitchell W. 1999. The impact of relevant resources and market failure on modes of business change. Working paper, University of Michigan.
    • (1999) Working Paper
    • Capron, L.1    Mitchell, W.2
  • 14
    • 0000111782 scopus 로고    scopus 로고
    • Resource redeployment following horizontal acquisitions in Europe and North America, 1988-1992
    • Capron L, Dussauge P, Mitchell W. 1998. Resource redeployment following horizontal acquisitions in Europe and North America, 1988-1992. Strategic Management Journal 19(7): 631-661.
    • (1998) Strategic Management Journal , vol.19 , Issue.7 , pp. 631-661
    • Capron, L.1    Dussauge, P.2    Mitchell, W.3
  • 16
    • 13244285052 scopus 로고    scopus 로고
    • Post-acquisition resource redeployment and asset divestiture: An evolutionary view
    • University of Michigan
    • Capron L, Mitchell W, Swaminathan A. 1999. Post-acquisition resource redeployment and asset divestiture: an evolutionary view, Working paper, University of Michigan.
    • (1999) Working Paper
    • Capron, L.1    Mitchell, W.2    Swaminathan, A.3
  • 17
    • 0000834517 scopus 로고
    • Diversification and seller concentration: Evidence from change, 1963-1972
    • Caves RD. 1981. Diversification and seller concentration: evidence from change, 1963-1972. Review of Economics and Statistics 63: 289-293.
    • (1981) Review of Economics and Statistics , vol.63 , pp. 289-293
    • Caves, R.D.1
  • 18
    • 84989046062 scopus 로고
    • Types of synergy and economic value: The impact of acquisitions on merging and rival firms
    • Chatterjee S. 1986. Types of synergy and economic value: the impact of acquisitions on merging and rival firms. Strategic Management Journal 7(2): 119-140.
    • (1986) Strategic Management Journal , vol.7 , Issue.2 , pp. 119-140
    • Chatterjee, S.1
  • 19
    • 84989105300 scopus 로고
    • Corporate mergers, stockholder diversification, and changes in systematic risk
    • Chatterjee S, Lubatkin MH. 1990. Corporate mergers, stockholder diversification, and changes in systematic risk. Strategic Management Journal 11(4): 255-268.
    • (1990) Strategic Management Journal , vol.11 , Issue.4 , pp. 255-268
    • Chatterjee, S.1    Lubatkin, M.H.2
  • 20
    • 84989040310 scopus 로고
    • The link between resources and type of diversification: Theory and evidence
    • Chatterjee S, Wernerfelt B. 1991. The link between resources and type of diversification: theory and evidence. Strategic Management Journal 12(1): 33-48.
    • (1991) Strategic Management Journal , vol.12 , Issue.1 , pp. 33-48
    • Chatterjee, S.1    Wernerfelt, B.2
  • 21
    • 84936166194 scopus 로고
    • Absorptive capacity: A new perspective on learning and innovation
    • Cohen W, Levinthal DA. 1990. Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly 35: 128-152.
    • (1990) Administrative Science Quarterly , vol.35 , pp. 128-152
    • Cohen, W.1    Levinthal, D.A.2
  • 22
    • 0003205470 scopus 로고    scopus 로고
    • Learning how to govern and learning how to solve problems: On the co-evolution of competences, conflicts, and organizational routines
    • Chandler A, Hagstrom P, Solwell O (eds). Oxford University Press: Oxford
    • Coriat B, Dosi G. 1998. Learning how to govern and learning how to solve problems: on the co-evolution of competences, conflicts, and organizational routines. In The Dynamic Firm, Chandler A, Hagstrom P, Solwell O (eds). Oxford University Press: Oxford; 103-133.
    • (1998) The Dynamic Firm , pp. 103-133
    • Coriat, B.1    Dosi, G.2
  • 24
    • 84989094248 scopus 로고
    • Organizational fit and acquisition performance: Effects of post-acquisition integration
    • Datta DK. 1991. Organizational fit and acquisition performance: effects of post-acquisition integration. Strategic Management Journal 12(4): 281-297.
    • (1991) Strategic Management Journal , vol.12 , Issue.4 , pp. 281-297
    • Datta, D.K.1
  • 25
    • 0000857363 scopus 로고
    • Asset stock accumulation and sustainability of competitive advantage
    • Dierickx I, Cool K. 1989. Asset stock accumulation and sustainability of competitive advantage. Management Science 35: 1504-1510.
    • (1989) Management Science , vol.35 , pp. 1504-1510
    • Dierickx, I.1    Cool, K.2
  • 26
    • 0000953669 scopus 로고
    • The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields
    • DiMaggio PJ, Powell WW. 1983. The iron cage revisited: institutional isomorphism and collective rationality in organizational fields. American Sociological Review (April) 48: 147-160.
    • (1983) American Sociological Review , vol.48 , Issue.APRIL , pp. 147-160
    • DiMaggio, P.J.1    Powell, W.W.2
  • 27
    • 0004141190 scopus 로고    scopus 로고
    • Learning in evolutionary environments
    • University of Rome
    • Dosi G, Marengo L, Fagiolo G. 1996. Learning in evolutionary environments, Working paper, University of Rome.
    • (1996) Working Paper
    • Dosi, G.1    Marengo, L.2    Fagiolo, G.3
  • 30
    • 2942649403 scopus 로고    scopus 로고
    • Towards a knowledge-based theory of the firm
    • Grant RM. 1996a. Towards a knowledge-based theory of the firm. Strategic Management Journal, Winter Special Issue 17: 109-122.
    • (1996) Strategic Management Journal , vol.17 , Issue.SUMMER SPECIAL ISSUE , pp. 109-122
    • Grant, R.M.1
  • 31
    • 0030505108 scopus 로고    scopus 로고
    • A knowledge based theory of interfirm collaboration
    • Grant RM. 1996b. A knowledge based theory of interfirm collaboration. Organization Science 7: 375-387.
    • (1996) Organization Science , vol.7 , pp. 375-387
    • Grant, R.M.1
  • 32
    • 0004296209 scopus 로고    scopus 로고
    • Prentice-Hall: Upper Saddle River, NJ
    • Greene WH. 1997. Econometric Analysis. Prentice-Hall: Upper Saddle River, NJ.
    • (1997) Econometric Analysis
    • Greene, W.H.1
  • 33
    • 84936628616 scopus 로고
    • Structural inertia and organizational change
    • Hannan MT, Freeman J. 1984. Structural inertia and organizational change. American Sociological Review 49(2): 149-164.
    • (1984) American Sociological Review , vol.49 , Issue.2 , pp. 149-164
    • Hannan, M.T.1    Freeman, J.2
  • 35
    • 84970151974 scopus 로고
    • Synergies and post-acquisition performance: Differences versus similarities in resource allocations
    • Harrison J, Hitt MA, Ireland RD. 1991. Synergies and post-acquisition performance: differences versus similarities in resource allocations. Journal of Management 17(1): 173-190.
    • (1991) Journal of Management , vol.17 , Issue.1 , pp. 173-190
    • Harrison, J.1    Hitt, M.A.2    Ireland, R.D.3
  • 36
    • 0000161095 scopus 로고
    • Evolutionary trajectories in petroleum firm R&D
    • Helfat. C. 1994. Evolutionary trajectories in petroleum firm R&D. Management Science 40: 1720-1747.
    • (1994) Management Science , vol.40 , pp. 1720-1747
    • Helfat, C.1
  • 37
    • 0002928957 scopus 로고
    • Mergers and acquisitions and managerial commitment to innovation in M-form firms
    • Hitt MA, Hoskisson RE, Ireland RD. 1990. Mergers and acquisitions and managerial commitment to innovation in M-form firms. Strategic Management Journal, Summer Special Issue 11: 29-47.
    • (1990) Strategic Management Journal , vol.11 , Issue.SUMMER SPECIAL ISSUE , pp. 29-47
    • Hitt, M.A.1    Hoskisson, R.E.2    Ireland, R.D.3
  • 38
    • 84989023359 scopus 로고
    • Corporate restructuring and strategic change: The effect on diversification strategy and R&D intensity
    • Hoskisson RE, Johnson RA. 1992. Corporate restructuring and strategic change: the effect on diversification strategy and R&D intensity. Strategic Management Journal 13(8): 625-634.
    • (1992) Strategic Management Journal , vol.13 , Issue.8 , pp. 625-634
    • Hoskisson, R.E.1    Johnson, R.A.2
  • 39
    • 84936824011 scopus 로고
    • Organizational learning: The contributing processes and the literatures
    • Huber GP. 1991. Organizational learning: the contributing processes and the literatures. Organization Science 2(1): 88-115.
    • (1991) Organization Science , vol.2 , Issue.1 , pp. 88-115
    • Huber, G.P.1
  • 40
    • 84989095478 scopus 로고
    • Changing pattern of acquisition behavior in takeovers and consequences for acquisition processes
    • Hunt JW. 1990. Changing pattern of acquisition behavior in takeovers and consequences for acquisition processes. Strategic Management Journal 11(1): 69-77.
    • (1990) Strategic Management Journal , vol.11 , Issue.1 , pp. 69-77
    • Hunt, J.W.1
  • 41
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance, and takeovers
    • Jensen MC. 1986. Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review 76: 323-329.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.C.1
  • 42
    • 34447504242 scopus 로고
    • The market for corporate control: The scientific evidence
    • Jensen MC, Ruback R. 1983. The market for corporate control: the scientific evidence. Journal of Financial Economics 11: 5-50.
    • (1983) Journal of Financial Economics , vol.11 , pp. 5-50
    • Jensen, M.C.1    Ruback, R.2
  • 43
    • 84887622727 scopus 로고
    • Knowledge of the firm, combinative capabilities, and the replication of technology
    • Kogut B, Zander U. 1992. Knowledge of the firm, combinative capabilities, and the replication of technology. Organization Science 3(3): 383-397.
    • (1992) Organization Science , vol.3 , Issue.3 , pp. 383-397
    • Kogut, B.1    Zander, U.2
  • 45
    • 84989012147 scopus 로고
    • Merger strategies and stockholder value
    • Lubatkin MH. 1987. Merger strategies and stockholder value. Strategic Management Journal 8(1): 39-53.
    • (1987) Strategic Management Journal , vol.8 , Issue.1 , pp. 39-53
    • Lubatkin, M.H.1
  • 46
    • 0011398150 scopus 로고
    • Merger strategies, economic cycles, and stockholder value
    • Lubatkin MH, O'Neill HM. 1988. Merger strategies, economic cycles, and stockholder value. Interfaces 18(6): 65-71.
    • (1988) Interfaces , vol.18 , Issue.6 , pp. 65-71
    • Lubatkin, M.H.1    O'Neill, H.M.2
  • 47
    • 0001812752 scopus 로고
    • Exploration and exploitation in organizational learning
    • March JG. 1991. Exploration and exploitation in organizational learning. Organization Science 2(1): 71-87.
    • (1991) Organization Science , vol.2 , Issue.1 , pp. 71-87
    • March, J.G.1
  • 49
    • 0039286465 scopus 로고    scopus 로고
    • Creating and protecting resources: Scale and link alliances between competitors in the telecom-electronics industry and other sectors
    • University of Michigan
    • Mitchell W, Dussauge P, Garrette B. 1999. Creating and protecting resources: scale and link alliances between competitors in the telecom-electronics industry and other sectors, Working paper, University of Michigan.
    • (1999) Working Paper
    • Mitchell, W.1    Dussauge, P.2    Garrette, B.3
  • 54
    • 0001672981 scopus 로고
    • How competitive forces shape strategy
    • Porter ME. 1979. How competitive forces shape strategy. Harvard Business Review 57(2): 137-145.
    • (1979) Harvard Business Review , vol.57 , Issue.2 , pp. 137-145
    • Porter, M.E.1
  • 55
    • 0002663735 scopus 로고
    • From competitive advantage to corporate strategy
    • Porter ME. 1987. From competitive advantage to corporate strategy. Harvard Business Review 65(3): 43-59.
    • (1987) Harvard Business Review , vol.65 , Issue.3 , pp. 43-59
    • Porter, M.E.1
  • 56
    • 0003106484 scopus 로고
    • The core competence of the corporation
    • Prahalad CK, Hamel G. 1990. The core competence of the corporation. Harvard Business Review 68(3): 79-91.
    • (1990) Harvard Business Review , vol.68 , Issue.3 , pp. 79-91
    • Prahalad, C.K.1    Hamel, G.2
  • 60
    • 85015522071 scopus 로고
    • Challenges in researching corporate restructuring
    • Singh H. 1993. Challenges in researching corporate restructuring. Journal of Management Studies 30(1): 147-172.
    • (1993) Journal of Management Studies , vol.30 , Issue.1 , pp. 147-172
    • Singh, H.1
  • 61
    • 84989076141 scopus 로고
    • Corporate acquisition strategies and economic performance
    • Singh H, Montgomery C. 1987. Corporate acquisition strategies and economic performance. Strategic Management Journal 8(4): 377-386.
    • (1987) Strategic Management Journal , vol.8 , Issue.4 , pp. 377-386
    • Singh, H.1    Montgomery, C.2
  • 62
    • 0040471317 scopus 로고    scopus 로고
    • Knowledge accumulation and the evolution of post-acquisition management practices
    • Boston, MA
    • Singh H, Zollo M. 1997. Knowledge accumulation and the evolution of post-acquisition management practices, Paper presented at the Academy Management Conference, Boston, MA.
    • (1997) Academy Management Conference
    • Singh, H.1    Zollo, M.2
  • 65
    • 38549086633 scopus 로고
    • Profiting from technological innovation: Implications for integration, collaboration, licensing, and public policy
    • Teece DJ. 1986. Profiting from technological innovation: implications for integration, collaboration, licensing, and public policy. Research Policy 15: 285-305.
    • (1986) Research Policy , vol.15 , pp. 285-305
    • Teece, D.J.1
  • 68
    • 84989078817 scopus 로고
    • Top management turnover following mergers and acquisitions
    • Walsh JP. 1988. Top management turnover following mergers and acquisitions. Strategic Management Journal 9(2): 173-183.
    • (1988) Strategic Management Journal , vol.9 , Issue.2 , pp. 173-183
    • Walsh, J.P.1
  • 69
    • 84989133012 scopus 로고
    • A resource-based view of the firm
    • Wernerfelt B. 1984. A resource-based view of the firm. Strategic Management Journal 5(2): 171-180.
    • (1984) Strategic Management Journal , vol.5 , Issue.2 , pp. 171-180
    • Wernerfelt, B.1
  • 70
    • 0001139435 scopus 로고
    • Tobin's q and the importance of focus in firm performance
    • Wernerfelt B, Montgomery CA. 1988. Tobin's q and the importance of focus in firm performance. American Economic Review 78(1): 246-250.
    • (1988) American Economic Review , vol.78 , Issue.1 , pp. 246-250
    • Wernerfelt, B.1    Montgomery, C.A.2
  • 72
    • 0000400312 scopus 로고    scopus 로고
    • Strategy research: Governance and competence perspectives
    • Williamson OE. 1999. Strategy research: governance and competence perspectives. Strategic Management Journal 20(12): 1087-1108.
    • (1999) Strategic Management Journal , vol.20 , Issue.12 , pp. 1087-1108
    • Williamson, O.E.1
  • 73
    • 0001486039 scopus 로고
    • Survival, selectior, and inheritance in evolutionary theories of organization
    • Singh JV (ed.). Sage: Newbury Park, CA
    • Winter SG. 1990. Survival, selectior, and inheritance in evolutionary theories of organization. In Organizational Evolution: New Directions. Singh JV (ed.). Sage: Newbury Park, CA; 269-296.
    • (1990) Organizational Evolution: New Directions , pp. 269-296
    • Winter, S.G.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.