Management Problems of Corporate Acquisitions.
نویسندگان
چکیده
منابع مشابه
Information Technology and Corporate Acquisitions
I lovingly dedicate this dissertation to my wife, Yanfang Duan, who accompanied me on this long, arduous journey and freed me from every concern; to my daughter, Caroline, who brought me enormous, invaluable happiness; and to my parents for their constant, unwavering support. v Acknowledgements This dissertation would not have been possible without help and support from many established scholar...
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In this paper, we study some of the conditions under which " superstitious learning " phenomena (Levitt and March, 1988) become problematic in organizations, and we identify a set of boundary conditions for these effects. In particular, we argue that the tacit accumulation of experience might exacerbate the problem, but that the heterogeneity in the stock of prior experience, as well as more de...
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Agency theories predict that firms acquire and diversify through acquisitions as they grow older and exhaust their internal growth opportunities, and that they do so for the benefit of managers rather than shareholders. In contrast, we find that acquiring firms are firms with better growth opportunities and performance irrespective of their lifecycle stage. While younger firms acquire more than...
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ژورنال
عنوان ژورنال: The Journal of Finance
سال: 1963
ISSN: 0022-1082
DOI: 10.2307/2977388