Superstitious Learning with Rare Strategic Decisions: Theory and Evidence from Corporate Acquisitions

By Maurizio Zollo. Organ. Sci., 2009

311 citations recorded by the source corpus.

Subfields: Organizational Behavior and Human Resource Management, Safety Research

View Paper: https://www.semanticscholar.org/paper/0fca53f2736f1bea72af5b65f495b6b34fcdf6b0

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Citations in the corpus

Microfoundations of Routines and Capabilities: Individuals, Processes, and Structure (2012, background): “For instance, the degree to which component elements of prior experience are similar or dissimilar critically influences performance in acquisitions (Haleblian and Finkelstein, 1999; Zollo, 2009).”
Practice Makes Perfect: Entrepreneurial-Experience Curves and Venture Performance (2014, background): “This association strengthens the positive benefits of entrepreneurial experience on performance because of the more accurate inferences they can make from recent ventures (Levitt and March, 1988; Zollo, 2009).”
The entanglement of leader character and leader competence and its impact on performance (2017, background): “For example, Zollo (2009), who studied mergers and acquisitions (M&A), found that prior experiences and experience accumulation in M&A enhanced both competence and confidence (an element of courage) in organizations, but their development can be asymmetric.”
Experiencing the Improbable: Rare Events and Organizational Learning (2009, background): “The result, as Zollo (2009) shows in his paper, is a learning process that all too often is shaped by selective and biased interpretation of outcomes: Success reinforces unwarranted confidence in managerial competencies, and failure is attributed to unforeseen and unforeseeable external…”
Sociocultural Integration in Mergers and Acquisitions: Unresolved Paradoxes and Directions for Future Research (2013, unknown): “…2001; Costello, Kubis, & Shaffer, 1963; Dewing, 1921; King et al., 2004; Livermore, 1935; Marks & Mirvis, 1986; Palmer, Xueguang, Barber, & Soysal, 1995; Pfeffer, 1972; Smith & Kim, 1994; Zollo, 2009), yet have also left many areas of interest remaining to be researched more thoroughly.”
Cultural differences, MNE learning abilities, and the effect of experience on subsidiary mortality in a dissimilar culture: Evidence from Korean MNEs (2013, background): “…firms may misspecify causalities and draw erroneous inferences (Feldman, 1986; Huber, 1991; Levitt & March, 1988), empirical investigations of this type of learning error have only recently emerged in strategic settings such as acquisitions and strategic alliances (Heimeriks, 2010; Zollo, 2009).”
The Challenge of Integration: A Review of the M&A Integration Literature (2017, background): “These two effects create a negative learning curve (Zollo 2009), where more experience actually decreases integration performance.”