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.
Lingua originaleEnglish
Titolo della pubblicazione ospiteWaves and Winds of Strategic Leadership for Sustainable Competitiveness. Proceedings of the 14th EURAM Conference
Pagine1-26
Numero di pagine26
Stato di pubblicazionePubblicato - 2014
EventoEuropean Academy of Management Conference - Valencia
Durata: 4 giu 20147 giu 2014

Convegno

ConvegnoEuropean Academy of Management Conference
CittàValencia
Periodo4/6/147/6/14

Keywords

  • acquisitions
  • experience
  • learning

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