Sequence Patterns of Firms' Acquisition and Alliance Behaviour and Their Performance Implications

27 Pages Posted: 14 Jun 2011

See all articles by Weilei (Stone) Shi

Weilei (Stone) Shi

City University of New York (CUNY) - Narendra Paul Loomba Department of Management

John E. Prescott

University of Pittsburgh - Strategy, Environment, and Organizations Group

Date Written: July 2011

Abstract

Studying repetitive acquisition and alliance behaviours from a temporal perspective, we conceptualize a taxonomy of sequence patterns. Our approach defines sequences as the set of acquisition and alliances a firm initiates each year over its lifeā€course. Using optimal matching techniques and clustering analysis, we empirically identify seven different sequence patterns and demonstrate that firm and performance attributes differ across these sequences and depending on the contingent effect of a firm's stage of development. We discuss the implications of our taxonomy and findings for our understanding of the temporal management of alliance portfolios and acquisition programmes.

Suggested Citation

Shi, Weilei (Stone) and Prescott, John E., Sequence Patterns of Firms' Acquisition and Alliance Behaviour and Their Performance Implications (July 2011). Journal of Management Studies, Vol. 48, Issue 5, pp. 1044-1070, 2011, Available at SSRN: https://ssrn.com/abstract=1864428 or http://dx.doi.org/10.1111/j.1467-6486.2010.00953.x

Weilei (Stone) Shi (Contact Author)

City University of New York (CUNY) - Narendra Paul Loomba Department of Management ( email )

NY
United States

John E. Prescott

University of Pittsburgh - Strategy, Environment, and Organizations Group ( email )

United States

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