The effects of different types of experience on cross-border acquisitions

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Building on organizational learning theory, we examine the antecedents of firm acquisition behavior, in terms of cross-border versus domestic acquisitions. Our focus is upon experience as a predictor of future acquisition behavior. In particular, we unbundle experience into: crossborder acquisition experience, domestic acquisition experience, and international business experience. Using data on 594 acquisitions in the period 2007-2013, our results show that prior experience in cross-border acquisitions and international business experience strongly affect the likelihood of cross-border acquisitions. The findings also reveal the existence of a U-shaped relationship between acquisition experience in the domestic market and subsequent crossborder acquisitions. Our study demonstrates that different types of experience play important roles in a firm’s decision to expand internationally via acquisitions.
Original languageEnglish
Title of host publicationWaves and Winds of Strategic Leadership for Sustainable Competitiveness. Proceedings of the 14th EURAM Conference
Pages1-26
Number of pages26
Publication statusPublished - 2014
EventEuropean Academy of Management Conference - Valencia
Duration: 4 Jun 20147 Jun 2014

Conference

ConferenceEuropean Academy of Management Conference
CityValencia
Period4/6/147/6/14

Keywords

  • acquisitions
  • experience
  • learning

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