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作者：King, DR; Dalton, DR; Daily, CM; Covin, JG
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Empirical research has not consistently identified antecedents for predicting post-acquisition performance. We employ meta-analytic techniques to empirically assess the impact of the most commonly researched antecedent variables on post-acquisition performance. We find robust results indicating that, on average and across the most commonly studied variables, acquiring firms' performance does not positively change as a function of their acquisition activity, and is negatively affected to a mode...
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作者：Folta, TB; O'Brien, JP
作者单位：Purdue University System; Purdue University; University of Notre Dame
摘要：This paper investigates the influence of industry uncertainty on the decision by established firms to enter a new industry. Specifically, we examine the tension between the option to defer, which discourages entry in the presence of uncertainty, and the option to grow, which may encourage entry in the presence of uncertainty when there art, early mover advantages. Empirical analysis on data from a broad array of industries revealed that the effect of uncertainty on entry is not monotonic. Our ...
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作者：Sanders, WG; Boivie, S
作者单位：Brigham Young University; University of Texas System; University of Texas Austin
摘要：New business models combined with a lack of objective operating data result in significant information asymmetry and uncertainty in the valuation of new firms in emerging markets. Information asymmetry increases the risks of both adverse selection and moral hazard. When traditional differentiators of firm quality are lacking, such as in emerging economic sectors, markets may turn to secondary information sources to filter and sort firms. We investigate the roles played by observable corporate ...
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作者：Spanos, YE; Zaralis, G; Lioukas, S
作者单位：Athens University of Economics & Business; Organisation for Economic Co-operation & Development (OECD)
摘要：The present study examines the impact of firm and industry-specific factors on profitability, using census data on Greek manufacturing. At the firm level, particular attention is given to strategy effects. Based on a modification of Porter's typology, these effects are captured through different forms of both 'pure' and 'hybrid' strategies. Industry effects are represented using industry concentration, entry barriers, and growth. Hypotheses are developed taking into account both previous resea...
