메뉴 건너뛰기




Volumn 31, Issue 4, 2006, Pages 962-976

A paradox of synergy: Contagion and capacity effects in mergers and acquisitions

Author keywords

[No Author keywords available]

Indexed keywords


EID: 33750420218     PISSN: 03637425     EISSN: None     Source Type: Journal    
DOI: 10.5465/AMR.2006.22527468     Document Type: Article
Times cited : (70)

References (29)
  • 1
    • 0019610159 scopus 로고
    • Risk reduction as a managerial motive for conglomerate mergers
    • Amihud, Y., & Ley, B. 1981. Risk reduction as a managerial motive for conglomerate mergers. Bell Journal of Economics. 12: 605-617.
    • (1981) Bell Journal of Economics , vol.12 , pp. 605-617
    • Amihud, Y.1    Ley, B.2
  • 2
    • 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, 18(Summer Special Issue): 71-78.
    • (1988) Strategic Management Journal , vol.18 , Issue.SUMMER SPEC. ISSUE , pp. 71-78
    • Barney, J.1
  • 3
    • 0002479105 scopus 로고
    • Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms
    • Bradley, M., Desai, A., & Kim, E. H. 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
  • 4
    • 0000403001 scopus 로고    scopus 로고
    • The long term performance of horizontal acquisitions
    • Capron, L. 1999. The long term performance of horizontal acquisitions. Strategic Management Journal, 20: 987-1018.
    • (1999) Strategic Management Journal , vol.20 , pp. 987-1018
    • Capron, L.1
  • 5
    • 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: 631-661.
    • (1998) Strategic Management Journal , vol.19 , pp. 631-661
    • Capron, L.1    Dussauge, P.2    Mitchell, W.3
  • 6
    • 0036724577 scopus 로고    scopus 로고
    • When do acquirers earn abnormal returns?
    • Capron, L., & Pistre, N. 2002. When do acquirers earn abnormal returns? Strategic Management Journal, 23: 781-794.
    • (2002) Strategic Management Journal , vol.23 , pp. 781-794
    • Capron, L.1    Pistre, N.2
  • 7
    • 84989105300 scopus 로고
    • Corporate mergers, stockholder diversification, and changes in systematic risk
    • Chatterjee, S., & Lubatkin, M. 1990. Corporate mergers, stockholder diversification, and changes in systematic risk. Strategic Management Journal, 11: 255-268.
    • (1990) Strategic Management Journal , vol.11 , pp. 255-268
    • Chatterjee, S.1    Lubatkin, M.2
  • 8
    • 85039242791 scopus 로고
    • Philip Morris goes on the offensive
    • Eaton, L. 1994. Philip Morris goes on the offensive. New York Times, June 22: D3.
    • (1994) New York Times , vol.JUNE 22
    • Eaton, L.1
  • 10
  • 11
    • 84993848595 scopus 로고
    • A pure financial rationale for the conglomerate merger
    • Lewellen, W. G. 1971. A pure financial rationale for the conglomerate merger. Journal of Finance, 27: 521-545.
    • (1971) Journal of Finance , vol.27 , pp. 521-545
    • Lewellen, W.G.1
  • 13
    • 84986797859 scopus 로고
    • Transaction costs, mistakes, and performance: Assessing the importance of governance
    • Masten, S. E. 1993. Transaction costs, mistakes, and performance: Assessing the importance of governance. Managerial and Decision Economics, 14: 119-129.
    • (1993) Managerial and Decision Economics , vol.14 , pp. 119-129
    • Masten, S.E.1
  • 14
    • 21144459606 scopus 로고
    • Organization decline and adaptation: Theoretical controversies
    • McKinley, W. 1993. Organization decline and adaptation: Theoretical controversies. Organization Science, 4: 1-9.
    • (1993) Organization Science , vol.4 , pp. 1-9
    • McKinley, W.1
  • 15
    • 84993791758 scopus 로고    scopus 로고
    • Who buys what? How integration capability affects acquisition incidence and target choice
    • Mitchell, W., & Shaver, J. M. 2003. Who buys what? How integration capability affects acquisition incidence and target choice. Strategic Organization, 1: 171-201.
    • (2003) Strategic Organization , vol.1 , pp. 171-201
    • Mitchell, W.1    Shaver, J.M.2
  • 17
    • 84977702683 scopus 로고
    • Do managerial objectives drive bad acquisitions?
    • Morck, R., Schleifer, A., & Vishny, R. W. 1990. Do managerial objectives drive bad acquisitions? Journal of Finance, 45: 31-48.
    • (1990) Journal of Finance , vol.45 , pp. 31-48
    • Morck, R.1    Schleifer, A.2    Vishny, R.W.3
  • 18
    • 31844447450 scopus 로고    scopus 로고
    • Why firms diversify: Internalization versus agency problems
    • J. Hand & B. Lev (Eds.). Oxford; Oxford University Press
    • Morck, R., & Yeung, B. 2002. Why firms diversify: Internalization versus agency problems. In J. Hand & B. Lev (Eds.), Intangible assets (Oxford Management Readers Series): 269-302. Oxford; Oxford University Press.
    • (2002) Intangible Assets (Oxford Management Readers Series) , pp. 269-302
    • Morck, R.1    Yeung, B.2
  • 19
    • 1542598407 scopus 로고
    • Determinants of acquisition integration level: A decision-making perspective
    • Pablo, A. L. 1994. Determinants of acquisition integration level: A decision-making perspective. Academy of Management Journal, 37: 803-836.
    • (1994) Academy of Management Journal , vol.37 , pp. 803-836
    • Pablo, A.L.1
  • 21
    • 0002537125 scopus 로고
    • The hubris hypothesis of corporate takeovers
    • Roll, R. 1986. The hubris hypothesis of corporate takeovers. Journal of Business, 59: 197-216.
    • (1986) Journal of Business , vol.59 , pp. 197-216
    • Roll, R.1
  • 22
    • 84989064987 scopus 로고
    • Sources of value creation in acquisitions: An empirical examination
    • Seth, A. 1990. Sources of value creation in acquisitions: An empirical examination. Strategic Management Journal, 11: 431-446.
    • (1990) Strategic Management Journal , vol.11 , pp. 431-446
    • Seth, A.1
  • 23
    • 0032045325 scopus 로고    scopus 로고
    • Accounting for endogeneity when assessing strategy performance: Does entry mode choice affect FDI survival?
    • Shaver, J. M. 1998. Accounting for endogeneity when assessing strategy performance: Does entry mode choice affect FDI survival? Management Science, 4: 571-585.
    • (1998) Management Science , vol.4 , pp. 571-585
    • Shaver, J.M.1
  • 24
    • 84989076141 scopus 로고
    • Corporate acquisition strategies and economic performance
    • Singh, H., & Montgomery, C. 1987. Corporate acquisition strategies and economic performance. Strategic Management Journal, 8: 377-386.
    • (1987) Strategic Management Journal , vol.8 , pp. 377-386
    • Singh, H.1    Montgomery, C.2
  • 26
    • 0001079292 scopus 로고
    • Umbrella branding as a signal of new product quality: An example of signaling by posting a bond
    • Wernerfelt, B. 1988. Umbrella branding as a signal of new product quality: An example of signaling by posting a bond. Rand Journal of Economics, 19: 458-466.
    • (1988) Rand Journal of Economics , vol.19 , pp. 458-466
    • Wernerfelt, B.1
  • 29
    • 4043175926 scopus 로고    scopus 로고
    • Deliberate learning in corporate acquisitions: Post-acquisition strategies and integration capability in US bank mergers
    • Zollo, M., & Singh, H. 2004. Deliberate learning in corporate acquisitions: Post-acquisition strategies and integration capability in US bank mergers. Strategic Management Journal 25: 1233-1256.
    • (2004) Strategic Management Journal , vol.25 , pp. 1233-1256
    • Zollo, M.1    Singh, H.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.