메뉴 건너뛰기




Volumn 6, Issue 2, 2008, Pages 151-184

The danger of misinterpreting short-window event study findings in strategic management research: An empirical illustration using horizontal acquisitions

Author keywords

Acquisitions; Event studies; Market efficiency; Mergers

Indexed keywords


EID: 46649094585     PISSN: 14761270     EISSN: 1741315X     Source Type: Journal    
DOI: 10.1177/1476127008090008     Document Type: Article
Times cited : (99)

References (135)
  • 1
    • 21144460038 scopus 로고
    • 'The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly'
    • Agrawal, A., Jaffe, J.F. and Mandelker, G.N. (1992) 'The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly', Journal of Finance 47: 1605-21.
    • (1992) Journal of Finance , vol.47 , pp. 1605-1621
    • Agrawal, A.1    Jaffe, J.F.2    Mandelker, G.N.3
  • 2
    • 0001736287 scopus 로고    scopus 로고
    • 'Do Firms Learn to Create Value: The Case of Alliances'
    • Anand, B.N. and Khanna, T. (2000) 'Do Firms Learn to Create Value: The Case of Alliances', Strategic Management Journal 21: 295-315.
    • (2000) Strategic Management Journal , vol.21 , pp. 295-315
    • Anand, B.N.1    Khanna, T.2
  • 3
    • 0002134679 scopus 로고    scopus 로고
    • 'Asset Redeployment, Acquisitions and Corporate Strategy in Declining Industries'
    • Anand, J.H. and Singh, H. (1997) 'Asset Redeployment, Acquisitions and Corporate Strategy in Declining Industries', Strategic Management Journal 18: 99-118.
    • (1997) Strategic Management Journal , vol.18 , pp. 99-118
    • Anand, J.H.1    Singh, H.2
  • 4
    • 2342607518 scopus 로고    scopus 로고
    • 'Volatility-Based Effects on Shareholder Value: Alliance Activity in the Computing Industry'
    • Arend, R.J. (2004) 'Volatility-Based Effects on Shareholder Value: Alliance Activity in the Computing Industry', Journal of Management 30: 487-508.
    • (2004) Journal of Management , vol.30 , pp. 487-508
    • Arend, R.J.1
  • 5
    • 33846675319 scopus 로고    scopus 로고
    • 'A Changing of the Guard: Executive and Director Turnover Following Corporate Financial Restatements'
    • Arthaud-Day, M.L., Certo, S.T., Dalton, C.M.C. and Dalton, D.R. (2006) 'A Changing of the Guard: Executive and Director Turnover Following Corporate Financial Restatements', Academy of Management Journal 49: 1119-36.
    • (2006) Academy of Management Journal , vol.49 , pp. 1119-1136
    • Arthaud-Day, M.L.1    Certo, S.T.2    Dalton, C.M.C.3    Dalton, D.R.4
  • 6
    • 0141792437 scopus 로고    scopus 로고
    • 'Share Price Reactions to Work-Family Initiatives: An Institutional Perspective'
    • Arthur, M.M. (2003) 'Share Price Reactions to Work-Family Initiatives: An Institutional Perspective', Academy of Management Journal 46: 497-505.
    • (2003) Academy of Management Journal , vol.46 , pp. 497-505
    • Arthur, M.M.1
  • 9
    • 46649112407 scopus 로고    scopus 로고
    • 17 January: C1
    • Bailey, J. (2008) 'In the Math of Mergers, Airlines Fail', New York Times 17 January: C1.
    • (2008) New York Times
    • Bailey, J.1
  • 10
    • 0031097135 scopus 로고    scopus 로고
    • 'Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics'
    • Barber, B.M. and Lyon, J.D. (1997) 'Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics', Journal of Financial Economics 43: 341-72.
    • (1997) Journal of Financial Economics , vol.43 , pp. 341-372
    • Barber, B.M.1    Lyon, J.D.2
  • 11
    • 0002818708 scopus 로고
    • 'A Primer on Robust Regression'
    • Newbury Park, CA: Sage
    • Berk, R.A. (1990) 'A Primer on Robust Regression', Modern Methods of Data Analysis, pp. 292-324. Newbury Park, CA: Sage.
    • (1990) Modern Methods of Data Analysis , pp. 292-324
    • Berk, R.A.1
  • 14
    • 0030367344 scopus 로고    scopus 로고
    • 'Explaining Variance in the Performance of Long-Term Corporate Blockholders'
    • Bogert, J.D. (1996) 'Explaining Variance in the Performance of Long-Term Corporate Blockholders', Strategic Management Journal 17: 243-9.
    • (1996) Strategic Management Journal , vol.17 , pp. 243-249
    • Bogert, J.D.1
  • 15
    • 46649083318 scopus 로고
    • 'On Using Event-Study Methodology in Strategic Management Research'
    • in R. M. Burton, J. D. Forsyth and B. Obel (eds) Amsterdam: Elsevier Science
    • Bromiley, P., Govekar, M. and Markus, A. (1989) 'On Using Event-Study Methodology in Strategic Management Research', in R. M. Burton, J. D. Forsyth and B. Obel (eds) Organizational Responses to the New Business Conditions: An Empirical Perspective, pp. 25-40. Amsterdam: Elsevier Science.
    • (1989) Organizational Responses to the New Business Conditions: An Empirical Perspective , pp. 25-40
    • Bromiley, P.1    Govekar, M.2    Markus, A.3
  • 16
    • 0036724577 scopus 로고    scopus 로고
    • 'When Do Acquirers Earn Abnormal Returns?'
    • Capron, L. and Pistre, N. (2002) 'When Do Acquirers Earn Abnormal Returns?', Strategic Management Journal 23: 781-94.
    • (2002) Strategic Management Journal , vol.23 , pp. 781-794
    • Capron, L.1    Pistre, N.2
  • 17
    • 2442529819 scopus 로고    scopus 로고
    • 'Do Early Birds Get the Returns? An Empirical Investigation of Early-Mover Advantages in Acquisitions' Strategic
    • Carow, K., Heron, R. and Saxton, T. (2004) 'Do Early Birds Get the Returns? An Empirical Investigation of Early-Mover Advantages in Acquisitions', Strategic Management Journal 25: 563-77.
    • (2004) Management Journal , vol.25 , pp. 563-577
    • Carow, K.1    Heron, R.2    Saxton, T.3
  • 18
    • 84989046062 scopus 로고
    • 'Type of Synergy and Economic Value: The Impact of Acquisitions on Merging and Rival Firms'
    • Chatterjee, S. (1986) 'Type of Synergy and Economic Value: The Impact of Acquisitions on Merging and Rival Firms', Strategic Management Journal 7: 119-39.
    • (1986) Strategic Management Journal , vol.7 , pp. 119-139
    • Chatterjee, S.1
  • 19
    • 0030528762 scopus 로고    scopus 로고
    • 'Competitor Analysis and Interfirm Rivalry: Toward a Theoretical Integration'
    • Chen, M.J. (1996) 'Competitor Analysis and Interfirm Rivalry: Toward a Theoretical Integration', Academy of Management Review 21: 100-34.
    • (1996) Academy of Management Review , vol.21 , pp. 100-134
    • Chen, M.J.1
  • 20
    • 0037304159 scopus 로고    scopus 로고
    • 'Insider Trading as a Vehicle to Appropriate Rent from R&D'
    • Coff, R.W. and Lee, P.M. (2003) 'Insider Trading as a Vehicle to Appropriate Rent from R&D', Strategic Management Journal 24: 183-90.
    • (2003) Strategic Management Journal , vol.24 , pp. 183-190
    • Coff, R.W.1    Lee, P.M.2
  • 21
    • 0012477658 scopus 로고    scopus 로고
    • 'Independence of the Chairman and Board Composition: Firm Choices and Shareholder Value'
    • Coles, J.W. and Hesterly, W.S. (2000) 'Independence of the Chairman and Board Composition: Firm Choices and Shareholder Value', Journal of Management 26: 195-214.
    • (2000) Journal of Management , vol.26 , pp. 195-214
    • Coles, J.W.1    Hesterly, W.S.2
  • 22
    • 0037297514 scopus 로고    scopus 로고
    • 'Managerialist and Human Capital Explanations for Key Executive Pay Premiums: A Contingency Perspective'
    • Combs, J.G. and Skill, M.S. (2003) 'Managerialist and Human Capital Explanations for Key Executive Pay Premiums: A Contingency Perspective', Academy of Management Journal 46: 63-73.
    • (2003) Academy of Management Journal , vol.46 , pp. 63-73
    • Combs, J.G.1    Skill, M.S.2
  • 24
    • 25144435493 scopus 로고    scopus 로고
    • 'The Financial Impact of ISO 9000 Certification in the United States: An Empirical Analysis'
    • Corbett, C.J., Montes-Sancho, M.J. and Kirsch, D.A. (2005) 'The Financial Impact of ISO 9000 Certification in the United States: An Empirical Analysis', Management Science 51: 1046-59.
    • (2005) Management Science , vol.51 , pp. 1046-1059
    • Corbett, C.J.1    Montes-Sancho, M.J.2    Kirsch, D.A.3
  • 26
    • 0033228946 scopus 로고    scopus 로고
    • 'Cognitive Biases and Strategic Decision Processes'
    • Das, T.K. and Teng, B.S. (1999) 'Cognitive Biases and Strategic Decision Processes', Journal of Management Studies 36: 757-78.
    • (1999) Journal of Management Studies , vol.36 , pp. 757-778
    • Das, T.K.1    Teng, B.S.2
  • 27
    • 0000797807 scopus 로고    scopus 로고
    • 'Succession Planning vs Agency Theory: A Test of Harris and Helfat's Interpretation of Plurality'
    • Davidson, W.N. III and Nemec, C. (2001) 'Succession Planning vs Agency Theory: A Test of Harris and Helfat's Interpretation of Plurality', Strategic Management Journal 22: 179-84.
    • (2001) Strategic Management Journal , vol.22 , pp. 179-184
    • Davidson III, W.N.1    Nemec, C.2
  • 29
    • 0040759903 scopus 로고
    • 'Common-Stock Split-Ups: Motives and Effects'
    • Dolley, J.C. (1933) 'Common-Stock Split-Ups: Motives and Effects', Harvard Business Review 12: 70-81.
    • (1933) Harvard Business Review , vol.12 , pp. 70-81
    • Dolley, J.C.1
  • 30
    • 0000480869 scopus 로고
    • 'Efficient Capital Markets: A Review of Theory and Empirical Work'
    • Fama, E.F. (1970) 'Efficient Capital Markets: A Review of Theory and Empirical Work', Journal of Finance 25: 383-417.
    • (1970) Journal of Finance , vol.25 , pp. 383-417
    • Fama, E.F.1
  • 31
    • 0346207692 scopus 로고    scopus 로고
    • 'Market Efficiency, Long-Term Returns, and Behavioral Finance'
    • Fama, E.F. (1998) 'Market Efficiency, Long-Term Returns, and Behavioral Finance', Journal of Financial Economics 49: 283-306.
    • (1998) Journal of Financial Economics , vol.49 , pp. 283-306
    • Fama, E.F.1
  • 32
    • 38549147867 scopus 로고
    • 'Common Risk Factors in the Returns of Stocks and Bonds'
    • Fama, E.F. and French, K.R. (1993) 'Common Risk Factors in the Returns of Stocks and Bonds', Journal of Financial Economics, 33: 3-56.
    • (1993) Journal of Financial Economics , vol.33 , pp. 3-56
    • Fama, E.F.1    French, K.R.2
  • 36
    • 0030517786 scopus 로고    scopus 로고
    • 'Announcements of Purely Related and Purely Unrelated Mergers and Shareholder Returns: Reconciling the Relatedness Paradox'
    • Flanagan, D.J. (1996) 'Announcements of Purely Related and Purely Unrelated Mergers and Shareholder Returns: Reconciling the Relatedness Paradox', Journal of Management 22: 823-35.
    • (1996) Journal of Management , vol.22 , pp. 823-835
    • Flanagan, D.J.1
  • 37
    • 0003270051 scopus 로고
    • 'Means of Payment in Takeovers: Results for the United Kingdom and the United States'
    • in A. J. Auerbach (ed.) Chicago, IL: University of Chicago Press
    • Franks, J., Harris, R.S. and Mayer, C. (1988) 'Means of Payment in Takeovers: Results for the United Kingdom and the United States', in A. J. Auerbach (ed.) Corporate Takeovers: Causes and Consequences, pp 221-64. Chicago, IL: University of Chicago Press.
    • (1988) Corporate Takeovers: Causes and Consequences , pp. 221-264
    • Franks, J.1    Harris, R.S.2    Mayer, C.3
  • 39
    • 0042688086 scopus 로고    scopus 로고
    • 'Corporate Environmental Initiatives and Anticipated Firm Performance: The Differential Effects of Process-Driven Versus Product-Driven Greening Initiatives'
    • Gilley, D.L., Worrell, D.L., Davidson, W.N. III and El-Jelly, A. (2000) 'Corporate Environmental Initiatives and Anticipated Firm Performance: The Differential Effects of Process-Driven Versus Product-Driven Greening Initiatives', Journal of Management 26: 1119-216.
    • (2000) Journal of Management , vol.26 , pp. 1119-1216
    • Gilley, D.L.1    Worrell, D.L.2    Davidson III, W.N.3    El-Jelly, A.4
  • 40
    • 46649096517 scopus 로고    scopus 로고
    • 'Whirlpool May See Antitrust Suit on Maytag Deal: Report'
    • 13 February
    • Goldstein, S. (2006) 'Whirlpool May See Antitrust Suit on Maytag Deal: Report', Marketwatch 13 February.
    • (2006) Marketwatch
    • Goldstein, S.1
  • 42
    • 0033247481 scopus 로고    scopus 로고
    • 'The Influence of Organizational Acquisition Experience on Acquisition Performance: A Behavioral Learning Perspective'
    • Haleblian, J.S. and Finkelstein, S. (1999) 'The Influence of Organizational Acquisition Experience on Acquisition Performance: A Behavioral Learning Perspective', Administrative Science Quarterly 44: 29-56.
    • (1999) Administrative Science Quarterly , vol.44 , pp. 29-56
    • Haleblian, J.S.1    Finkelstein, S.2
  • 43
    • 33646558909 scopus 로고    scopus 로고
    • 'The Influence of Acquisition Experience and Performance on Acquisition Behavior: Evidence from the US Commercial Banking Industry'
    • Haleblian, J., Ji-Yub, K. and Rajagopalan, N. (2006) 'The Influence of Acquisition Experience and Performance on Acquisition Behavior: Evidence from the US Commercial Banking Industry', Academy of Management Journal 49: 357-70.
    • (2006) Academy of Management Journal , vol.49 , pp. 357-370
    • Haleblian, J.1    Ji-Yub, K.2    Rajagopalan, N.3
  • 44
    • 3142748475 scopus 로고    scopus 로고
    • 'Too Busy to Serve? An Examination of the Influence of Overboarded Directors'
    • Harris, I.C. and Shimizu, K. (2004) 'Too Busy to Serve? An Examination of the Influence of Overboarded Directors', Journal of Management Studies 41: 775-98.
    • (2004) Journal of Management Studies , vol.41 , pp. 775-798
    • Harris, I.C.1    Shimizu, K.2
  • 45
    • 84970151974 scopus 로고
    • 'Synergies and Post-Acquisition Performance: Differences Versus Similarities in Resource Allocations'
    • Harrison, J.S., Hitt, M.A., Hoskisson, R.E. and Ireland, R.D. (1991) 'Synergies and Post-Acquisition Performance: Differences Versus Similarities in Resource Allocations', Journal of Management 17: 173-90.
    • (1991) Journal of Management , vol.17 , pp. 173-190
    • Harrison, J.S.1    Hitt, M.A.2    Hoskisson, R.E.3    Ireland, R.D.4
  • 46
    • 0036216897 scopus 로고    scopus 로고
    • 'When Do Firms Learn from Their Acquisition Experience? Evidence from 1990-1995'
    • Hayward, M.L.A. (2002) 'When Do Firms Learn from Their Acquisition Experience? Evidence from 1990-1995', Strategic Management Journal 23: 21-39.
    • (2002) Strategic Management Journal , vol.23 , pp. 21-39
    • Hayward, M.L.A.1
  • 47
    • 0031094431 scopus 로고    scopus 로고
    • 'Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris'
    • Hayward, M.L.A. and Hambrick, D.C. (1997) 'Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris', Administrative Science Quarterly 42: 103-29.
    • (1997) Administrative Science Quarterly , vol.42 , pp. 103-129
    • Hayward, M.L.A.1    Hambrick, D.C.2
  • 48
    • 0001496179 scopus 로고    scopus 로고
    • 'Quality Awards and the Market Value of the Firm: An Empirical Investigation'
    • Hendricks, K.B. and Singhal, V.R. (1996) 'Quality Awards and the Market Value of the Firm: An Empirical Investigation', Management Science 42: 415-36.
    • (1996) Management Science , vol.42 , pp. 415-436
    • Hendricks, K.B.1    Singhal, V.R.2
  • 49
    • 0031109010 scopus 로고    scopus 로고
    • 'Delays in New Product Introduction and the Market Value of the Firm: The Consequences of Being Late to the Market'
    • Hendricks, K.B. and Singhal, V.R. (1997) 'Delays in New Product Introduction and the Market Value of the Firm: The Consequences of Being Late to the Market', Management Science 43: 422-36.
    • (1997) Management Science , vol.43 , pp. 422-436
    • Hendricks, K.B.1    Singhal, V.R.2
  • 50
    • 0035295080 scopus 로고    scopus 로고
    • 'The Long-Run Stock Price Performance of Firms with Effective TQM Programs'
    • Hendricks, K.B. and Singhal, V.R. (2001) 'The Long-Run Stock Price Performance of Firms with Effective TQM Programs', Management Science 47: 359-68.
    • (2001) Management Science , vol.47 , pp. 359-368
    • Hendricks, K.B.1    Singhal, V.R.2
  • 51
    • 0001853959 scopus 로고    scopus 로고
    • 'Corporate Political Strategies and Firm Performance: Indications of Firm-Specific Benefits from Personal Service in the US Government'
    • Hillman, A.J. and Zardkoohi, A. (1999) 'Corporate Political Strategies and Firm Performance: Indications of Firm-Specific Benefits from Personal Service in the US Government', Strategic Management Journal 20: 67-81.
    • (1999) Strategic Management Journal , vol.20 , pp. 67-81
    • Hillman, A.J.1    Zardkoohi, A.2
  • 52
    • 46649111833 scopus 로고    scopus 로고
    • 'As Two Economists Debate Markets, the Tide Shifts'
    • 18 October
    • Hilsenrath, J.E. (2004) 'As Two Economists Debate Markets, the Tide Shifts', Wall Street Journal Online 18 October.
    • (2004) Wall Street Journal Online
    • Hilsenrath, J.E.1
  • 53
    • 0742321678 scopus 로고    scopus 로고
    • 'Limited Attention, Information Disclosure, and Financial Reporting'
    • Hirshleifer, D. and Teoh, S.H. (2003) 'Limited Attention, Information Disclosure, and Financial Reporting', Journal of Accounting and Economics 36: 337-86.
    • (2003) Journal of Accounting and Economics , vol.36 , pp. 337-386
    • Hirshleifer, D.1    Teoh, S.H.2
  • 54
    • 20144368270 scopus 로고    scopus 로고
    • 'Comprehensive Income Reporting and Analysts' Valuation Judgments'
    • Hirst, D.E. and Hopkins, P.E. (1998) 'Comprehensive Income Reporting and Analysts' Valuation Judgments', Journal of Accounting Research 36: 47-75.
    • (1998) Journal of Accounting Research , vol.36 , pp. 47-75
    • Hirst, D.E.1    Hopkins, P.E.2
  • 56
    • 23244440336 scopus 로고    scopus 로고
    • 'Strategic Disclosure of Risky Prospects: A Laboratory Experiment'
    • Hobson, J.L. and Kachelmeier, S.J. (2005) 'Strategic Disclosure of Risky Prospects: A Laboratory Experiment', The Accounting Review 80: 825-46.
    • (2005) The Accounting Review , vol.80 , pp. 825-846
    • Hobson, J.L.1    Kachelmeier, S.J.2
  • 57
    • 0001979168 scopus 로고    scopus 로고
    • 'Wealth Creation and Bid Resistance in UK Takeover Bids'
    • Holl, P. and Kyriazis, D. (1997) 'Wealth Creation and Bid Resistance in UK Takeover Bids', Strategic Management Journal 18: 483-98.
    • (1997) Strategic Management Journal , vol.18 , pp. 483-498
    • Holl, P.1    Kyriazis, D.2
  • 58
    • 0001033261 scopus 로고
    • 'Robust Regression: Asymptotics, Conjectures and Monte Carlo'
    • Huber, P.J. (1973) 'Robust Regression: Asymptotics, Conjectures and Monte Carlo', The Annals of Statistics 1: 799-821.
    • (1973) The Annals of Statistics , vol.1 , pp. 799-821
    • Huber, P.J.1
  • 59
    • 0028415451 scopus 로고
    • 'Investor Response to Health Care Cost Containment Legislation: Is American Health Policy Designed to Fail?'
    • Jacobson, C.K. (1994) 'Investor Response to Health Care Cost Containment Legislation: Is American Health Policy Designed to Fail?', Academy of Management Journal 37: 440-52.
    • (1994) Academy of Management Journal , vol.37 , pp. 440-452
    • Jacobson, C.K.1
  • 60
    • 84993907227 scopus 로고
    • 'Returns to Buying Winners and Selling Losers: Implications for Market Efficiency'
    • Jegadeesh, N. and Titman, S. (1993) 'Returns to Buying Winners and Selling Losers: Implications for Market Efficiency', Journal of Finance 48: 65-91.
    • (1993) Journal of Finance , vol.48 , pp. 65-91
    • Jegadeesh, N.1    Titman, S.2
  • 61
    • 17444379331 scopus 로고    scopus 로고
    • 'The Influence of Financial Press on Stockholder Wealth: The Case of Corporate Governance'
    • Johnson, J.L., Ellstrand, A.E., Dalton, D.R. and Dalton, C.M. (2005) 'The Influence of Financial Press on Stockholder Wealth: The Case of Corporate Governance', Strategic Management Journal 26: 461-71.
    • (2005) Strategic Management Journal , vol.26 , pp. 461-471
    • Johnson, J.L.1    Ellstrand, A.E.2    Dalton, D.R.3    Dalton, C.M.4
  • 62
    • 0012615583 scopus 로고    scopus 로고
    • 'Takeover Defenses, Ownership Structure and Stock Returns in the Netherlands: An Empirical Analysis'
    • Kabir, R., Cantrijn, D. and Jeunink, A. (1997) 'Takeover Defenses, Ownership Structure and Stock Returns in the Netherlands: An Empirical Analysis', Strategic Management Journal 18: 97-109.
    • (1997) Strategic Management Journal , vol.18 , pp. 97-109
    • Kabir, R.1    Cantrijn, D.2    Jeunink, A.3
  • 63
    • 0000137587 scopus 로고
    • 'Shareholder Value Creation during R&D Innovation and Commercialization Stages'
    • Kelm, K.M., Narayanan, V.K. and Pinches, G.E. (1995) 'Shareholder Value Creation during R&D Innovation and Commercialization Stages', Academy of Management Journal 38: 770-86.
    • (1995) Academy of Management Journal , vol.38 , pp. 770-786
    • Kelm, K.M.1    Narayanan, V.K.2    Pinches, G.E.3
  • 64
    • 0032261267 scopus 로고    scopus 로고
    • 'Disclosure of Contingent Environmental Liabilities: Some Unintended Consequences?'
    • Kennedy, J., Mitchell, T. and Sefcik, S.E. (1998) 'Disclosure of Contingent Environmental Liabilities: Some Unintended Consequences?', Journal of Accounting Research 36: 257-77.
    • (1998) Journal of Accounting Research , vol.36 , pp. 257-277
    • Kennedy, J.1    Mitchell, T.2    Sefcik, S.E.3
  • 65
    • 0742285882 scopus 로고    scopus 로고
    • 'Meta-Analyses of Post Acquisition Performance: Indications of Unidentified Moderators'
    • King, D.R., Dalton, D.R., Daily, C.M. and Covin, J.G. (2004) 'Meta-Analyses of Post Acquisition Performance: Indications of Unidentified Moderators', Strategic Management Journal 25: 187-200.
    • (2004) Strategic Management Journal , vol.25 , pp. 187-200
    • King, D.R.1    Dalton, D.R.2    Daily, C.M.3    Covin, J.G.4
  • 66
    • 0030217190 scopus 로고    scopus 로고
    • 'The Impact of Environmental Management on Firm Performance'
    • Klassen, R.D. and McLaughlin, C.P. (1996) 'The Impact of Environmental Management on Firm Performance', Management Science 42: 1199-2014
    • (1996) Management Science , vol.42 , pp. 1199-2014
    • Klassen, R.D.1    McLaughlin, C.P.2
  • 67
    • 29144503933 scopus 로고    scopus 로고
    • 'When the Market Misleads: Stock Prices, Firm Behavior, and Industry Evolution'
    • Kock, C.J. (2005) 'When the Market Misleads: Stock Prices, Firm Behavior, and Industry Evolution', Organization Science 16: 637-60.
    • (2005) Organization Science , vol.16 , pp. 637-660
    • Kock, C.J.1
  • 68
    • 23244461365 scopus 로고    scopus 로고
    • 'Judging the Risk of Financial Instruments: Problems and Potential Remedies'
    • Koonce, L., Lipe, M.G. and McAnally, M.L. (2005) 'Judging the Risk of Financial Instruments: Problems and Potential Remedies', The Accounting Review 80: 871-95.
    • (2005) The Accounting Review , vol.80 , pp. 871-895
    • Koonce, L.1    Lipe, M.G.2    McAnally, M.L.3
  • 71
    • 0002901361 scopus 로고    scopus 로고
    • 'Form of Control: A Critical Determinant of Acquisition Performance and CEO Rewards'
    • Kroll, M., Wright, P., Toombs, L. and Leavell, H. (1997) 'Form of Control: A Critical Determinant of Acquisition Performance and CEO Rewards', Strategic Management Journal 18: 85-96.
    • (1997) Strategic Management Journal , vol.18 , pp. 85-96
    • Kroll, M.1    Wright, P.2    Toombs, L.3    Leavell, H.4
  • 72
    • 15244356129 scopus 로고    scopus 로고
    • 'The Value From Acquiring and Divesting a Joint Venture: A Real Options Approach'
    • Kumar, M.V.S. (2005) 'The Value From Acquiring and Divesting a Joint Venture: A Real Options Approach', Strategic Management Journal 26: 321-31.
    • (2005) Strategic Management Journal , vol.26 , pp. 321-331
    • Kumar, M.V.S.1
  • 73
    • 0031351275 scopus 로고    scopus 로고
    • 'A Comparative Analysis of Layoff Announcements and Stock Price Reactions in the United States and Japan'
    • Lee, P.M. (1997) 'A Comparative Analysis of Layoff Announcements and Stock Price Reactions in the United States and Japan', Strategic Management Journal 18: 879-94.
    • (1997) Strategic Management Journal , vol.18 , pp. 879-894
    • Lee, P.M.1
  • 74
    • 0012754328 scopus 로고    scopus 로고
    • 'What's in a Name.Com? The Effects of. Com Name Changes on Stock Prices and Trading Activity'
    • Lee, P.M. (2001) 'What's in a Name.Com? The Effects of. Com Name Changes on Stock Prices and Trading Activity', Strategic Management Journal 22: 793-804.
    • (2001) Strategic Management Journal , vol.22 , pp. 793-804
    • Lee, P.M.1
  • 75
    • 58149415271 scopus 로고
    • 'Hypothesis Theory and Nonlearning Despite Ideal S-R Reinforcement Contingencies'
    • Levine, M. (1971) 'Hypothesis Theory and Nonlearning Despite Ideal S-R Reinforcement Contingencies', Psychological Review 78: 130-40.
    • (1971) Psychological Review , vol.78 , pp. 130-140
    • Levine, M.1
  • 76
    • 20944442909 scopus 로고    scopus 로고
    • 'On the Timing of CEO Stock Option Awards'
    • Lie, E. (2005) 'On the Timing of CEO Stock Option Awards', Management Science 51: 802-12.
    • (2005) Management Science , vol.51 , pp. 802-812
    • Lie, E.1
  • 77
    • 0034148029 scopus 로고    scopus 로고
    • 'Uniformly Least Powerful Tests of Market Efficiency'
    • Loughran, T. and Ritter, J. (2000) 'Uniformly Least Powerful Tests of Market Efficiency', Journal of Financial Economics 55: 361-89.
    • (2000) Journal of Financial Economics , vol.55 , pp. 361-389
    • Loughran, T.1    Ritter, J.2
  • 78
    • 0008744302 scopus 로고    scopus 로고
    • 'Do Long-Run Shareholders Benefit from Corporate Acquisitions?'
    • Loughran, T. and Vijh, A.M. (1997) 'Do Long-Run Shareholders Benefit from Corporate Acquisitions?', Journal of Finance 52: 1765-90.
    • (1997) Journal of Finance , vol.52 , pp. 1765-1790
    • Loughran, T.1    Vijh, A.M.2
  • 79
    • 0031498166 scopus 로고    scopus 로고
    • 'Merger Strategies and Shareholder Value during Times of Relaxed Antitrust Enforcement: The Case of Large Mergers during the 1980s'
    • Lubatkin, M., Srinivasan, N. and Merchant, H. (1997) 'Merger Strategies and Shareholder Value during Times of Relaxed Antitrust Enforcement: The Case of Large Mergers during the 1980s', Journal of Management 23: 59-81.
    • (1997) Journal of Management , vol.23 , pp. 59-81
    • Lubatkin, M.1    Srinivasan, N.2    Merchant, H.3
  • 80
    • 0009885154 scopus 로고    scopus 로고
    • 'Improved Methods for Testing of Long-Run Abnormal Stock Returns'
    • Lyon, J.D., Barber, B.M. and Tsai, C.L. (1999) 'Improved Methods for Testing of Long-Run Abnormal Stock Returns', Journal of Finance 54: 165-201.
    • (1999) Journal of Finance , vol.54 , pp. 165-201
    • Lyon, J.D.1    Barber, B.M.2    Tsai, C.L.3
  • 81
    • 0011765591 scopus 로고    scopus 로고
    • 'Event Studies in Economics and Finance'
    • MacKinlay, A.C. (1997) 'Event Studies in Economics and Finance', Journal of Economic Literature 35(1): 13-39.
    • (1997) Journal of Economic Literature , vol.35 , Issue.1 , pp. 13-39
    • MacKinlay, A.C.1
  • 82
    • 0031510754 scopus 로고    scopus 로고
    • 'Event Studies in Management Research: Theoretical and Empirical Issues'
    • McWilliams, A. and Siegel, D. (1997) 'Event Studies in Management Research: Theoretical and Empirical Issues', Academy of Management Journal 40: 626-57.
    • (1997) Academy of Management Journal , vol.40 , pp. 626-657
    • McWilliams, A.1    Siegel, D.2
  • 83
    • 0039765213 scopus 로고    scopus 로고
    • 'Issues in the Use of the Event Study Methodology: A Critical Analysis of Corporate Social Responsibility Studies'
    • McWilliams, A. and Siegel, D. (1999) 'Issues in the Use of the Event Study Methodology: A Critical Analysis of Corporate Social Responsibility Studies', Organizational Research Methods 2: 340-65.
    • (1999) Organizational Research Methods , vol.2 , pp. 340-365
    • McWilliams, A.1    Siegel, D.2
  • 84
    • 21844524245 scopus 로고
    • 'Market Value Impact of Joint Ventures: The Effect of Industry Information-Processing Load'
    • Madhavan, R. and Prescott, J.E. (1995) 'Market Value Impact of Joint Ventures: The Effect of Industry Information-Processing Load', Academy of Management Journal 38: 900-15.
    • (1995) Academy of Management Journal , vol.38 , pp. 900-915
    • Madhavan, R.1    Prescott, J.E.2
  • 85
    • 0034336777 scopus 로고    scopus 로고
    • 'Effects of Comprehensive-Income Characteristics on Non-Professional Investors' Judgments: The Role of Financial Statement Presentation Format'
    • Maines, L.A. and McDaniel, L.S. (2000) 'Effects of Comprehensive-Income Characteristics on Non-Professional Investors' Judgments: The Role of Financial Statement Presentation Format', The Accounting Review 75: 179-207.
    • (2000) The Accounting Review , vol.75 , pp. 179-207
    • Maines, L.A.1    McDaniel, L.S.2
  • 87
    • 0039827105 scopus 로고    scopus 로고
    • 'Creating Barriers for Foreign Competitors: A Study of the Impact of Anti-Dumping Actions on the Performance of US Firms'
    • Marsh, S.J. (1998) 'Creating Barriers for Foreign Competitors: A Study of the Impact of Anti-Dumping Actions on the Performance of US Firms', Strategic Management Journal 19: 25-37.
    • (1998) Strategic Management Journal , vol.19 , pp. 25-37
    • Marsh, S.J.1
  • 88
    • 0000264020 scopus 로고    scopus 로고
    • 'How Do International Joint Ventures Create Shareholder Value?'
    • Merchant, H. and Schendel, D. (2000) 'How Do International Joint Ventures Create Shareholder Value?', Strategic Management Journal 21: 723-37.
    • (2000) Strategic Management Journal , vol.21 , pp. 723-737
    • Merchant, H.1    Schendel, D.2
  • 89
    • 21844522939 scopus 로고
    • 'Effect of Announcements of Withdrawal from South Africa on Stockholder Wealth'
    • Meznar, M.B., Nigh, D. and Kwok, C.C.Y. (1994) 'Effect of Announcements of Withdrawal from South Africa on Stockholder Wealth', Academy of Management Journal 37: 1633-48.
    • (1994) Academy of Management Journal , vol.37 , pp. 1633-1648
    • Meznar, M.B.1    Nigh, D.2    Kwok, C.C.Y.3
  • 90
    • 22444454436 scopus 로고    scopus 로고
    • 'Announcements of Withdrawal from South Africa Revisited: Making Sense of Contradictory Event Study Findings'
    • Meznar, M.B., Nigh, D. and Kwok, C.C.Y. (1998) 'Announcements of Withdrawal from South Africa Revisited: Making Sense of Contradictory Event Study Findings', Academy of Management Journal 41: 715-42.
    • (1998) Academy of Management Journal , vol.41 , pp. 715-742
    • Meznar, M.B.1    Nigh, D.2    Kwok, C.C.Y.3
  • 91
    • 39749093168 scopus 로고
    • 'The Magic Number Seven Plus or Minus Two: Some Limits to Our Capacity for Processing Information'
    • Miller, G.A. (1956) 'The Magic Number Seven Plus or Minus Two: Some Limits to Our Capacity for Processing Information', Psychology Review 50: 81-97.
    • (1956) Psychology Review , vol.50 , pp. 81-97
    • Miller, G.A.1
  • 92
    • 0039372633 scopus 로고    scopus 로고
    • 'Managerial Decisions and Long-Term Stock Price Performance'
    • Mitchell, M. and Stafford, E. (2000) 'Managerial Decisions and Long-Term Stock Price Performance', Journal of Business 73: 287-329.
    • (2000) Journal of Business , vol.73 , pp. 287-329
    • Mitchell, M.1    Stafford, E.2
  • 95
    • 34250735772 scopus 로고
    • 'Profits and the Process of Competition'
    • in D.C. Mueller (ed.) Cambridge: Cambridge University Press
    • Mueller, D.C. (1990) 'Profits and the Process of Competition', in D.C. Mueller (ed.) The Dynamics of Company Profits, pp. 1-14. Cambridge: Cambridge University Press.
    • (1990) The Dynamics of Company Profits , pp. 1-14
    • Mueller, D.C.1
  • 97
    • 0002301452 scopus 로고
    • 'Stock Market Reactions to Customer Service Changes'
    • Nayyar, P.R. (1995) 'Stock Market Reactions to Customer Service Changes', Strategic Management Journal 16: 39-53.
    • (1995) Strategic Management Journal , vol.16 , pp. 39-53
    • Nayyar, P.R.1
  • 98
    • 7044274536 scopus 로고    scopus 로고
    • 'Market Reactions to Announcements of Corporate Downsizing Actions and Implementation Strategies'
    • Nixon, R.D., Hitt, M.A., Lee, H. and Jeong, J. (2004) 'Market Reactions to Announcements of Corporate Downsizing Actions and Implementation Strategies', Strategic Management Journal 25: 1121-9.
    • (2004) Strategic Management Journal , vol.25 , pp. 1121-1129
    • Nixon, R.D.1    Hitt, M.A.2    Lee, H.3    Jeong, J.4
  • 99
    • 50149109859 scopus 로고    scopus 로고
    • 'Does Acquirer Cash Level Predict Post-Acquisition Returns?'
    • (forthcoming)
    • Oler, D. (forthcoming) 'Does Acquirer Cash Level Predict Post-Acquisition Returns?', Review of Accounting Studies.
    • Review of Accounting Studies
    • Oler, D.1
  • 100
    • 84989095272 scopus 로고
    • 'Diversification Strategy, Profit Performance and the Entropy Measure'
    • Palepu, K. (1985) 'Diversification Strategy, Profit Performance and the Entropy Measure', Strategic Management Journal 6: 239 - 55.
    • (1985) Strategic Management Journal , vol.6 , pp. 239-255
    • Palepu, K.1
  • 101
    • 8344238214 scopus 로고    scopus 로고
    • 'The Impact of Market Cycle on the Performance of Singapore Acquirers'
    • Pangarkar, N. and Lie, J.R. (2004) 'The Impact of Market Cycle on the Performance of Singapore Acquirers', Strategic Management Journal 25: 1209-16.
    • (2004) Strategic Management Journal , vol.25 , pp. 1209-1216
    • Pangarkar, N.1    Lie, J.R.2
  • 102
    • 3042688203 scopus 로고    scopus 로고
    • 'A Guide to Using Event Study Methods in Multi-Country Settings'
    • Park, N.K. (2004) 'A Guide to Using Event Study Methods in Multi-Country Settings', Strategic Management Journal 25: 655-68.
    • (2004) Strategic Management Journal , vol.25 , pp. 655-668
    • Park, N.K.1
  • 103
    • 25844521256 scopus 로고    scopus 로고
    • 'Before and After the Technology Sector Crash: The Effect of Environmental Munificence on Stock Market Response to Alliances of E-Commerce Firms'
    • Park, N.K. and Mezias, J.M. (2005) 'Before and After the Technology Sector Crash: The Effect of Environmental Munificence on Stock Market Response to Alliances of E-Commerce Firms', Strategic Management Journal 26: 987-1007.
    • (2005) Strategic Management Journal , vol.26 , pp. 987-1007
    • Park, N.K.1    Mezias, J.M.2
  • 104
    • 46649095522 scopus 로고    scopus 로고
    • 'Goldman May Join Wal-Mart in Japan Investment'
    • 10 September: C5
    • Parker, G. (2004) 'Goldman May Join Wal-Mart in Japan Investment', Wall Street Journal 10 September: C5.
    • (2004) Wall Street Journal
    • Parker, G.1
  • 105
    • 34250894378 scopus 로고    scopus 로고
    • 'The Sociological Approach to Financial Markets'
    • Preda, A. (2007) 'The Sociological Approach to Financial Markets', Journal of Economic Surveys 21: 506-33.
    • (2007) Journal of Economic Surveys , vol.21 , pp. 506-533
    • Preda, A.1
  • 106
    • 0010671082 scopus 로고
    • 'Informational Requirements in Decision Making'
    • Pruitt, D.G. (1961) 'Informational Requirements in Decision Making', American Journal of Psychology 74: 433-9.
    • (1961) American Journal of Psychology , vol.74 , pp. 433-439
    • Pruitt, D.G.1
  • 107
    • 0002433623 scopus 로고    scopus 로고
    • 'From Hybrids to Hierarchies: Shareholder Wealth Effects of Joint Venture Partner Buyouts'
    • Reuer, J.J. (2001) 'From Hybrids to Hierarchies: Shareholder Wealth Effects of Joint Venture Partner Buyouts', Strategic Management Journal 22: 27-43.
    • (2001) Strategic Management Journal , vol.22 , pp. 27-43
    • Reuer, J.J.1
  • 108
    • 0000471673 scopus 로고    scopus 로고
    • 'Agency Costs and the Performance Implications of International Joint Venture Internalization'
    • Reuer, J.J. and Miller, K.D. (1997) 'Agency Costs and the Performance Implications of International Joint Venture Internalization', Strategic Management Journal 18: 425-38.
    • (1997) Strategic Management Journal , vol.18 , pp. 425-438
    • Reuer, J.J.1    Miller, K.D.2
  • 109
    • 84989052660 scopus 로고
    • 'Cognitive Simplification Processes in Strategic Decision-Making'
    • Schwenk, C.R. (1984) 'Cognitive Simplification Processes in Strategic Decision-Making', Strategic Management Journal 5: 111-28.
    • (1984) Strategic Management Journal , vol.5 , pp. 111-128
    • Schwenk, C.R.1
  • 110
    • 0000057463 scopus 로고
    • 'Strategic Decision Making'
    • Schwenk, C.R. (1995) 'Strategic Decision Making', Journal of Management 21: 471-93.
    • (1995) Journal of Management , vol.21 , pp. 471-493
    • Schwenk, C.R.1
  • 111
    • 0036783890 scopus 로고    scopus 로고
    • 'Value Creation and Destruction in Cross-Border Acquisitions: An Empirical Analysis of Foreign Acquisitions of US Firms'
    • Seth, A., Song, K.P. and Pettit, A.R. (2002) 'Value Creation and Destruction in Cross-Border Acquisitions: An Empirical Analysis of Foreign Acquisitions of US Firms', Strategic Management Journal 23: 921-40.
    • (2002) Strategic Management Journal , vol.23 , pp. 921-990
    • Seth, A.1    Song, K.P.2    Pettit, A.R.3
  • 112
    • 84989040438 scopus 로고
    • 'Strategic Business Fits and Corporate Acquisitions: Empirical Evidence'
    • Shelton, L.M. (1988) 'Strategic Business Fits and Corporate Acquisitions: Empirical Evidence', Strategic Management Journal 9: 279-87.
    • (1988) Strategic Management Journal , vol.9 , pp. 279-287
    • Shelton, L.M.1
  • 113
    • 0037303737 scopus 로고    scopus 로고
    • 'Will Succession Planning Increase Shareholder Wealth? Evidence from Investor Reactions to Relay CEO Successions'
    • Shen, W. and Canella, A.A. Jr (2003) 'Will Succession Planning Increase Shareholder Wealth? Evidence from Investor Reactions to Relay CEO Successions', Strategic Management Journal 24: 191-8.
    • (2003) Strategic Management Journal , vol.24 , pp. 191-198
    • Shen, W.1    Canella Jr., A.A.2
  • 117
    • 0002271588 scopus 로고
    • 'Takeovers in the 60s and the 80s: Evidence and Implications'
    • Shleifer, A. and Vishny, R.W. (1991) 'Takeovers in the 60s and the 80s: Evidence and Implications', Strategic Management Journal 12 (Special Issue): 51-61.
    • (1991) Strategic Management Journal , vol.12 , Issue.SPEC. ISSUE , pp. 51-61
    • Shleifer, A.1    Vishny, R.W.2
  • 119
    • 0030305172 scopus 로고    scopus 로고
    • 'Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?'
    • Sloan, R.G. (1996) 'Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?', The Accounting Review 71: 289-15.
    • (1996) The Accounting Review , vol.71 , pp. 289-315
    • Sloan, R.G.1
  • 122
    • 0001528801 scopus 로고    scopus 로고
    • 'Operational Flexibility and Market Valuation of Earnings'
    • Tang, C.Y. and Tikoo, S. (1999) 'Operational Flexibility and Market Valuation of Earnings', Strategic Management Journal 20: 749-61.
    • (1999) Strategic Management Journal , vol.20 , pp. 749-761
    • Tang, C.Y.1    Tikoo, S.2
  • 123
    • 84965441387 scopus 로고
    • 'Takeover Resistance, Information Leakage, and Target Firm Value'
    • Turk, T.A. (1992) 'Takeover Resistance, Information Leakage, and Target Firm Value', Journal of Management 18: 503-22.
    • (1992) Journal of Management , vol.18 , pp. 503-522
    • Turk, T.A.1
  • 124
    • 0016264378 scopus 로고
    • 'Judgment under Uncertainty: Heuristics and Biases'
    • Tversky, A. and Kahneman, D. (1974) 'Judgment under Uncertainty: Heuristics and Biases', Science 185: 1124-31.
    • (1974) Science , vol.185 , pp. 1124-1131
    • Tversky, A.1    Kahneman, D.2
  • 125
    • 33748935378 scopus 로고    scopus 로고
    • 'Market Value Effects of Acquisitions Involving Internet Firms: A Resource-Based Analysis'
    • Uhlenbruck, K., Hitt, M.A. and Semadeni, M. (2006) 'Market Value Effects of Acquisitions Involving Internet Firms: A Resource-Based Analysis', Strategic Management Journal 27: 899-913
    • (2006) Strategic Management Journal , vol.27 , pp. 899-913
    • Uhlenbruck, K.1    Hitt, M.A.2    Semadeni, M.3
  • 126
    • 33749030749 scopus 로고    scopus 로고
    • 'The Burden of Celebrity: The Impact of CEO Certification Contests on CEO Pay and Performance'
    • Wade, J.B., Porac, J.F., Pollock, T.G. and Graffin, S.D. (2006) 'The Burden of Celebrity: The Impact of CEO Certification Contests on CEO Pay and Performance', Academy of Management Journal 49: 643-60.
    • (2006) Academy of Management Journal , vol.49 , pp. 643-660
    • Wade, J.B.1    Porac, J.F.2    Pollock, T.G.3    Graffin, S.D.4
  • 127
    • 0034379225 scopus 로고    scopus 로고
    • 'Corporate Takeovers, Strategic Objectives, and Acquiring-Firm Shareholder Wealth'
    • Spring
    • Walker, M.M. (2000) 'Corporate Takeovers, Strategic Objectives, and Acquiring-Firm Shareholder Wealth', Financial Management Spring: 53-66.
    • (2000) Financial Management , pp. 53-66
    • Walker, M.M.1
  • 128
    • 0000505675 scopus 로고
    • 'On the Failure to Eliminate Hypotheses in a Conceptual Task'
    • Wason, P.C. (1960) 'On the Failure to Eliminate Hypotheses in a Conceptual Task', Experimental Psychology 12: 129-40.
    • (1960) Experimental Psychology , vol.12 , pp. 129-140
    • Wason, P.C.1
  • 129
    • 0032220361 scopus 로고    scopus 로고
    • 'The Symbolic Management of Stockholders: Corporate Governance Reforms and Shareholder Reactions'
    • Westphal, J.D. and Zajac, E.J. (1998) 'The Symbolic Management of Stockholders: Corporate Governance Reforms and Shareholder Reactions', Administrative Science Quarterly 43: 127-53.
    • (1998) Administrative Science Quarterly , vol.43 , pp. 127-153
    • Westphal, J.D.1    Zajac, E.J.2
  • 130
    • 0000046228 scopus 로고    scopus 로고
    • 'One Hat Too Many: Key Executive Plurality and Shareholder Wealth'
    • Worrell, D.L., Nemec, C. and Davidson, W.N. III (1997) 'One Hat Too Many: Key Executive Plurality and Shareholder Wealth', Strategic Management Journal 18: 499-507.
    • (1997) Strategic Management Journal , vol.18 , pp. 499-507
    • Worrell, D.L.1    Nemec, C.2    Davidson III, W.N.3
  • 131
    • 0002628714 scopus 로고    scopus 로고
    • 'Agency Conflict and Corporate Strategy: The Effect of Divestment on Corporate Value'
    • Wright, P. and Ferris, S.P. (1997) 'Agency Conflict and Corporate Strategy: The Effect of Divestment on Corporate Value', Strategic Management Journal 18: 77-83.
    • (1997) Strategic Management Journal , vol.18 , pp. 77-83
    • Wright, P.1    Ferris, S.P.2
  • 132
    • 21844516193 scopus 로고
    • 'Competitiveness Through Management of Diversity: Effects on Stock Price Valuation'
    • Wright, P., Ferris, S.P., Hiller, J.S. and Kroll, M. (1995) 'Competitiveness Through Management of Diversity: Effects on Stock Price Valuation', Academy of Management Journal 38: 272-87.
    • (1995) Academy of Management Journal , vol.38 , pp. 272-287
    • Wright, P.1    Ferris, S.P.2    Hiller, J.S.3    Kroll, M.4
  • 133
    • 0036018696 scopus 로고    scopus 로고
    • 'Acquisition Returns, Increase in Firm Size, and Chief Executive Officer Compensation: The Moderating Role of Monitoring'
    • Wright, P., Kroll, M. and Elenkov, D. (2002) 'Acquisition Returns, Increase in Firm Size, and Chief Executive Officer Compensation: The Moderating Role of Monitoring', Academy of Management Journal 45: 599-608.
    • (2002) Academy of Management Journal , vol.45 , pp. 599-608
    • Wright, P.1    Kroll, M.2    Elenkov, D.3
  • 134
    • 4143058161 scopus 로고    scopus 로고
    • 'The Social Construction of Market Value: Institutionalization and Learning Perspectives on Stock Market Reactions'
    • Zajac, E.J. and Westphal, J.D. (2004) 'The Social Construction of Market Value: Institutionalization and Learning Perspectives on Stock Market Reactions', American Sociological Review 69: 433-57.
    • (2004) American Sociological Review , vol.69 , pp. 433-457
    • Zajac, E.J.1    Westphal, J.D.2
  • 135
    • 4143066992 scopus 로고    scopus 로고
    • 'Structural Incoherence and Stock Market Activity'
    • Zuckerman, E.W. (2004) 'Structural Incoherence and Stock Market Activity', American Sociological Review 69: 405-32.
    • (2004) American Sociological Review , vol.69 , pp. 405-432
    • Zuckerman, E.W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.