Abstract

http://ssrn.com/abstract=1321082
 
 

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Learning by Doing: Cross-Border Mergers and Acquisitions


Jamie D. Collins


Sam Houston State University

Tim R. Holcomb


Miami University - Farmer School of Business

S. Trevis Certo


Arizona State University (ASU)

Michael A. Hitt


Texas A&M University - Department of Management

Richard H. Lester


Louisiana Tech University - College of Business

June 1, 2008

Journal of Business Research, 2008

Abstract:     
We rely on organizational learning theory and strategic momentum research to examine the international merger and acquisition (M&A) activities of a sample of S&P 500 firms. We hypothesize that the learning associated with a firm's prior acquisition experience increases the likelihood the firm will engage in subsequent international acquisitions. Results from a sample including company-country level data indicate that both prior domestic acquisitions and international acquisitions influence the likelihood of acquisitions in foreign markets by U.S.-based firms. We also find that prior experience with international acquisitions is more predictive of subsequent international acquisitions than prior domestic acquisition experience. Moreover, we find that the acquisition experience within a host country had a stronger influence on subsequent acquisitions within that country than other prior non-host country international acquisition experiences.

Number of Pages in PDF File: 22

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Date posted: December 30, 2008 ; Last revised: July 13, 2010

Suggested Citation

Collins, Jamie D. and Holcomb, Tim R. and Certo, S. Trevis and Hitt, Michael A. and Lester, Richard H., Learning by Doing: Cross-Border Mergers and Acquisitions (June 1, 2008). Journal of Business Research, 2008. Available at SSRN: http://ssrn.com/abstract=1321082

Contact Information

Jamie D. Collins
Sam Houston State University ( email )
Box 2056
Huntsville, TX 77341
United States
Tim R. Holcomb (Contact Author)
Miami University - Farmer School of Business ( email )
Oxford, OH 45056
United States
HOME PAGE: http://fsb.miamioh.edu/
S. Trevis Certo
Arizona State University (ASU) ( email )
Farmer Building 440G PO Box 872011
Tempe, AZ 85287
United States
Michael A. Hitt
Texas A&M University (TAMU) - Department of Management ( email )
430 Wehner
College Station, TX 77843-4218
United States
979-458-3393 (Phone)
Richard H. Lester
Louisiana Tech University - College of Business ( email )
Railload and College Ave.
Ruston, LA 71272
United States
318-257-3984 (Phone)
318-257-4253 (Fax)
HOME PAGE: http://ir.latech.edu/directory/lookup1.php
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