메뉴 건너뛰기




Volumn 45, Issue 6, 2013, Pages 765-773

The effect of prior alliance experience on acquisition performance

Author keywords

Acquisition; Bidder target alliance; Information asymmetry

Indexed keywords

INDUSTRIAL ENTERPRISE; INDUSTRIAL PERFORMANCE; KNOWLEDGE;

EID: 84863246259     PISSN: 00036846     EISSN: 14664283     Source Type: Journal    
DOI: 10.1080/00036846.2011.613767     Document Type: Article
Times cited : (17)

References (33)
  • 1
    • 21144460038 scopus 로고
    • The post-merger performance of acquiring firms: A re-examination of an anomaly
    • Agrawal, A, Jaffe, JF and Mandelker, GN. 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
    • 85005305538 scopus 로고
    • The market for 'lemons': Quality uncertainty and the market mechanism
    • Akerlof, GA. 1970. The market for 'lemons': quality uncertainty and the market mechanism. Quarterly Journal of Economics, 84: 488-500.
    • (1970) Quarterly Journal of Economics , vol.84 , pp. 488-500
    • Akerlof, G.A.1
  • 3
    • 0001736287 scopus 로고    scopus 로고
    • Do firms learn to create value: The case of alliances
    • Anand, BN 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
  • 4
    • 4444339342 scopus 로고    scopus 로고
    • Conditions for asymmetric information solutions when alliances provide acquisition options and due diligence
    • Arend, RJ. 2004. Conditions for asymmetric information solutions when alliances provide acquisition options and due diligence. Journal of Economics, 82: 281-312.
    • (2004) Journal of Economics , vol.82 , pp. 281-312
    • Arend, R.J.1
  • 5
    • 0000648913 scopus 로고
    • Strategic factor markets: Expectations, luck, and business strategy
    • Barney, JB. 1986. Strategic factor markets: expectations, luck, and business strategy. Management Science, 32: 1231-41.
    • (1986) Management Science , vol.32 , pp. 1231-1241
    • Barney, J.B.1
  • 7
    • 0002624840 scopus 로고    scopus 로고
    • On persistence in mutual fund performance
    • Carhart, MM. 1997. On persistence in mutual fund performance. Journal of Finance, 52: 57-82.
    • (1997) Journal of Finance , vol.52 , pp. 57-82
    • Carhart, M.M.1
  • 8
    • 57349127247 scopus 로고    scopus 로고
    • The strategic alliance of the biotechnology firm
    • Chang, K. 2008. The strategic alliance of the biotechnology firm. Applied Economics, 40: 3089-100.
    • (2008) Applied Economics , vol.40 , pp. 3089-3100
    • Chang, K.1
  • 9
    • 0001014661 scopus 로고    scopus 로고
    • Investment opportunities, free cash flow and market reaction to international joint ventures
    • Chen, SS, Kim Wai, H, Cheng-Few, L and Yeo, GHH. 2000. Investment opportunities, free cash flow and market reaction to international joint ventures. Journal of Banking and Finance, 24: 1747-65.
    • (2000) Journal of Banking and Finance , vol.24 , pp. 1747-1765
    • Chen, S.S.1    Kim Wai, H.2    Cheng-Few, L.3    Yeo, G.H.H.4
  • 10
    • 0000695147 scopus 로고
    • Overinvestment, Tobin's q and gains from foreign acquisitions
    • Doukas, J. 1995. Overinvestment, Tobin's q and gains from foreign acquisitions. Journal of Banking and Finance, 19: 1285-303.
    • (1995) Journal of Banking and Finance , vol.19 , pp. 1285-1303
    • Doukas, J.1
  • 11
    • 38549147867 scopus 로고
    • Common risk factors in the returns on stocks and bonds
    • Fama, EF and French, KR. 1993. Common risk factors in the returns on 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
  • 13
    • 0033247481 scopus 로고    scopus 로고
    • The influence of organizational acquisition experience on acquisition performance: A behavioral learning perspective
    • Haleblian, J 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.1    Finkelstein, S.2
  • 15
    • 0036216897 scopus 로고    scopus 로고
    • When do firms learn from their acquisition experience? Evidence from 1990-1995
    • Hayward, MLA. 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
  • 16
    • 12144268570 scopus 로고    scopus 로고
    • Learning in strategic alliances: An evolutionary perspective
    • Iyer, KNS. 2002. Learning in strategic alliances: an evolutionary perspective. Academy of Marketing Science Review, 10: 1-14.
    • (2002) Academy of Marketing Science Review , vol.10 , pp. 1-14
    • Iyer, K.N.S.1
  • 17
    • 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: 323-9.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.C.1
  • 18
    • 0040191856 scopus 로고    scopus 로고
    • Earnouts in mergers: Agreeing to disagree and agreeing to stay
    • Kohers, N and Ang, J. 2000. Earnouts in mergers: agreeing to disagree and agreeing to stay. Journal of Business, 73: 445-76.
    • (2000) Journal of Business , vol.73 , pp. 445-476
    • Kohers, N.1    Ang, J.2
  • 19
    • 35948988013 scopus 로고
    • Managerial performance, Tobin's q, and the gains from successful tender offers
    • Lang, LHP, Stulz, RM and Walkling, RA. 1989. Managerial performance, Tobin's q, and the gains from successful tender offers. Journal of Financial Economics, 24: 137-54.
    • (1989) Journal of Financial Economics , vol.24 , pp. 137-154
    • Lang, L.H.P.1    Stulz, R.M.2    Walkling, R.A.3
  • 20
  • 21
    • 0012521479 scopus 로고    scopus 로고
    • Do firms knowingly sell overvalued equity?
    • Lee, I. 1997. Do firms knowingly sell overvalued equity?. Journal of Finance, 52: 1439-66.
    • (1997) Journal of Finance , vol.52 , pp. 1439-1466
    • Lee, I.1
  • 22
    • 33746788174 scopus 로고    scopus 로고
    • CEO turnover after acquisitions: Are bad bidders fired?
    • Lehn, KM and Zhao, M. 2006. CEO turnover after acquisitions: are bad bidders fired?. Journal of Finance, 61: 1759-811.
    • (2006) Journal of Finance , vol.61 , pp. 1759-1811
    • Lehn, K.M.1    Zhao, M.2
  • 23
    • 0041906849 scopus 로고    scopus 로고
    • Are cash acquisitions associated with better post-combination operating performance than stock acquisitions?
    • Linn, SC and Switzer, JA. 2001. Are cash acquisitions associated with better post-combination operating performance than stock acquisitions?. Journal of Banking and Finance, 25: 1113-38.
    • (2001) Journal of Banking and Finance , vol.25 , pp. 1113-1138
    • Linn, S.C.1    Switzer, J.A.2
  • 25
    • 0008744302 scopus 로고    scopus 로고
    • Do long-term shareholders benefit from corporate acquisitions?
    • Loughran, T and Vijh, AM. 1997. Do long-term 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
  • 27
    • 2342658987 scopus 로고    scopus 로고
    • Can a previous alliance between an acquirer and a target affect acquisition performance?
    • Porrini, P. 2004. Can a previous alliance between an acquirer and a target affect acquisition performance?. Journal of Management, 30: 545-62.
    • (2004) Journal of Management , vol.30 , pp. 545-562
    • Porrini, P.1
  • 28
    • 0001012637 scopus 로고    scopus 로고
    • Glamour, value and the post-acquisition performance of acquiring firms
    • Rau, PR and Vermaelen, T. 1998. Glamour, value and the post-acquisition performance of acquiring firms. Journal of Financial Economics, 49: 223-53.
    • (1998) Journal of Financial Economics , vol.49 , pp. 223-253
    • Rau, P.R.1    Vermaelen, T.2
  • 29
  • 30
    • 84977717063 scopus 로고
    • The long-run performance of initial public offerings
    • Ritter, JR. 1991. The long-run performance of initial public offerings. Journal of Finance, 46: 3-27.
    • (1991) Journal of Finance , vol.46 , pp. 3-27
    • Ritter, J.R.1
  • 31
    • 84863292207 scopus 로고    scopus 로고
    • Avoiding the synergy trap: Practical guidance on M&A decisions for CEOs and boards
    • Sirower, ML and Sahni, S. 2006. Avoiding the synergy trap: practical guidance on M&A decisions for CEOs and boards. Journal of Applied Corporate Finance, 18: 83-95.
    • (2006) Journal of Applied Corporate Finance , vol.18 , pp. 83-95
    • Sirower, M.L.1    Sahni, S.2
  • 33
    • 0007005483 scopus 로고    scopus 로고
    • Corporate governance, performance and take-overs: An empirical analysis of UK mergers
    • Weir, C. 1997. Corporate governance, performance and take-overs: an empirical analysis of UK mergers. Applied Economics, 29: 1465-75.
    • (1997) Applied Economics , vol.29 , pp. 1465-1475
    • Weir, C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.