作者：Capron, L; Pistre, N
作者单位：INSEAD Business School
摘要：In this study, we explore the conditions under which acquirers earn abnormal returns. We provide an empirical test of Barney and Chatterjee's arguments by examining the role of the respective resource contribution of the target and the acquirer. Combining an event study with a surrey of postacquisition resource transfer on a sample of 101 horizontal acquisitions, rove find that acquirers do not earn abnormal returns when they only receive resources from the target. In this case, it is likely t...
作者：Tsang, EWK
作者单位：Wayne State University
摘要：This paper proposes and tests a model of how firms acquire knoll-ledge from their international joint venturing experience. Based on survey responses from 73 Singapore and 89 Hong Kong firms with respect to their joint ventures set up in China, the results indicate that both overseeing effort and management involvement are significant channels of knowledge acquisition. The former channel is more important for firms with a great deal of operational experience in China and for parents of older j...
作者：Koka, BR; Prescott, JE
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Arizona State University; Arizona State University-Tempe
摘要：Defining social capital in terms of the information benefits available to a firm due to its strategic alliances tie present a theory, of social capital that conceptualizes it as a multidimensional construct. We draw from the literature to argue that social capital yields three distinctly different kinds of information benefits in the form of information volume, information diversity, and information richness. This extends current theoretical and empirical research by specifying and empirically...
