Matches in SemOpenAlex for { <https://semopenalex.org/work/W1571817812> ?p ?o ?g. }
- W1571817812 abstract "Using financial, accounting and questionnaire response data we investigate the post-acquisition performance of 47 US bank holding companies that executed 579 mergers and acquisitions in the 1964-1996 period and compare it with their competitors' performance. The objectives of the study are to identify the factors that explain the variance in the distribution of post-acquisition performance, and to test whether the financial markets efficiently predict performance outcomes by incorporating public information about the acquiring firm into the stock price following the acquisition announcement. The tested model includes measures of post-acquisition decisions, such as the degree of integration of the target within the acquirer's structure and the replacement of the top management team, as well as approximations of the acquirer's capability to implement the integration process. We find that prior acquisition experience does not improve post-acquisition performance, but the degree to which acquirers articulate and codify their experience in ad-hoc tools does. Furthermore, a high level of integration of the target within the acquirer's organization improves long-term performance, whereas the replacement of top management worsens it. Financial markets do not seem to be sensitive to any of these predictors of performance in their short-term reactions, but long-term adjustments are significantly impacted by acquirers' integration strategies and codified implementation knowledge, in line with the variations of accounting returns." @default.
- W1571817812 created "2016-06-24" @default.
- W1571817812 creator A5048797523 @default.
- W1571817812 creator A5086316631 @default.
- W1571817812 date "2000-01-01" @default.
- W1571817812 modified "2023-09-27" @default.
- W1571817812 title "Can Firms Learn to Acquire? Do Markets Notice?" @default.
- W1571817812 cites W116309104 @default.
- W1571817812 cites W1521985566 @default.
- W1571817812 cites W1527096518 @default.
- W1571817812 cites W1540511257 @default.
- W1571817812 cites W1542057686 @default.
- W1571817812 cites W1595751099 @default.
- W1571817812 cites W1599584004 @default.
- W1571817812 cites W1967747807 @default.
- W1571817812 cites W1968212878 @default.
- W1571817812 cites W1991552238 @default.
- W1571817812 cites W1995834279 @default.
- W1571817812 cites W1998657375 @default.
- W1571817812 cites W2015353363 @default.
- W1571817812 cites W2028436159 @default.
- W1571817812 cites W2031467401 @default.
- W1571817812 cites W2055391370 @default.
- W1571817812 cites W2056621186 @default.
- W1571817812 cites W2061859805 @default.
- W1571817812 cites W2084552861 @default.
- W1571817812 cites W2091198520 @default.
- W1571817812 cites W2106005007 @default.
- W1571817812 cites W2126807464 @default.
- W1571817812 cites W2133521315 @default.
- W1571817812 cites W2133864799 @default.
- W1571817812 cites W2137358449 @default.
- W1571817812 cites W2171902340 @default.
- W1571817812 cites W2268683859 @default.
- W1571817812 cites W2642534790 @default.
- W1571817812 cites W2747531703 @default.
- W1571817812 cites W3022678327 @default.
- W1571817812 cites W3121928394 @default.
- W1571817812 cites W3122750320 @default.
- W1571817812 cites W3122831108 @default.
- W1571817812 cites W3122993843 @default.
- W1571817812 cites W3124140110 @default.
- W1571817812 cites W568876644 @default.
- W1571817812 cites W649131038 @default.
- W1571817812 cites W190529148 @default.
- W1571817812 hasPublicationYear "2000" @default.
- W1571817812 type Work @default.
- W1571817812 sameAs 1571817812 @default.
- W1571817812 citedByCount "10" @default.
- W1571817812 countsByYear W15718178122012 @default.
- W1571817812 countsByYear W15718178122013 @default.
- W1571817812 crossrefType "posted-content" @default.
- W1571817812 hasAuthorship W1571817812A5048797523 @default.
- W1571817812 hasAuthorship W1571817812A5086316631 @default.
- W1571817812 hasConcept C10138342 @default.
- W1571817812 hasConcept C121955636 @default.
- W1571817812 hasConcept C127413603 @default.
- W1571817812 hasConcept C127576917 @default.
- W1571817812 hasConcept C144133560 @default.
- W1571817812 hasConcept C162853370 @default.
- W1571817812 hasConcept C17744445 @default.
- W1571817812 hasConcept C196083921 @default.
- W1571817812 hasConcept C199539241 @default.
- W1571817812 hasConcept C204036174 @default.
- W1571817812 hasConcept C2779913896 @default.
- W1571817812 hasConcept C40700 @default.
- W1571817812 hasConcept C548217281 @default.
- W1571817812 hasConcept C78519656 @default.
- W1571817812 hasConceptScore W1571817812C10138342 @default.
- W1571817812 hasConceptScore W1571817812C121955636 @default.
- W1571817812 hasConceptScore W1571817812C127413603 @default.
- W1571817812 hasConceptScore W1571817812C127576917 @default.
- W1571817812 hasConceptScore W1571817812C144133560 @default.
- W1571817812 hasConceptScore W1571817812C162853370 @default.
- W1571817812 hasConceptScore W1571817812C17744445 @default.
- W1571817812 hasConceptScore W1571817812C196083921 @default.
- W1571817812 hasConceptScore W1571817812C199539241 @default.
- W1571817812 hasConceptScore W1571817812C204036174 @default.
- W1571817812 hasConceptScore W1571817812C2779913896 @default.
- W1571817812 hasConceptScore W1571817812C40700 @default.
- W1571817812 hasConceptScore W1571817812C548217281 @default.
- W1571817812 hasConceptScore W1571817812C78519656 @default.
- W1571817812 hasLocation W15718178121 @default.
- W1571817812 hasOpenAccess W1571817812 @default.
- W1571817812 hasPrimaryLocation W15718178121 @default.
- W1571817812 hasRelatedWork W1931857917 @default.
- W1571817812 hasRelatedWork W1980513961 @default.
- W1571817812 hasRelatedWork W2042991301 @default.
- W1571817812 hasRelatedWork W2066086895 @default.
- W1571817812 hasRelatedWork W2108795964 @default.
- W1571817812 hasRelatedWork W2129534521 @default.
- W1571817812 hasRelatedWork W2133521315 @default.
- W1571817812 hasRelatedWork W2138894380 @default.
- W1571817812 hasRelatedWork W2164284962 @default.
- W1571817812 hasRelatedWork W2512091919 @default.
- W1571817812 hasRelatedWork W2566481720 @default.
- W1571817812 hasRelatedWork W28378764 @default.
- W1571817812 hasRelatedWork W2884251612 @default.
- W1571817812 hasRelatedWork W2894829239 @default.
- W1571817812 hasRelatedWork W3041923193 @default.