Understanding Acquisition Performance: The Role of Transfer Effects

By Sydney Finkelstein, Jerayr Haleblian. Organ. Sci., 2002

394 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/58828573a5eae7ff2761a7f555be5f691a6e8793

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Citations in the corpus

When Firms are Desperate to Grow via Acquisition: The Effect of Growth Patterns and Acquisition Experience on Acquisition Premiums (2011, background): “…industry-specific knowledge is more likely to enable better judgment and decision making throughout the acquisition process (Sitkin and Pablo, 1992; Finkelstein and Haleblian, 2002; Zollo and Singh, 2004), including determining how much to pay for a target firm (Kesner, Shapiro, and Sharma, 1994).”
A multilevel framework of firm boundaries: Firm characteristics, dyadic differences, and network attributes (2010, background): “The relatedness construct has also been examined in acquisition research because of its high relevance to organizational integration or fit (Finkelstein and Haleblian, 2002; Lubatkin and O’Neill, 1987), as well as in alliance research because it reflects the partner fit in alliances (e.”
Do international acquisitions by emerging-economy firms create shareholder value? The case of Indian firms (2010, methodology): “The negative impact of past performance on value creation is consistent with earlier reported findings (Finkelstein & Haleblian, 2003).”
The Influence of Acquisition Experience and Performance on Acquisition Behavior: Evidence From the U.S. Commercial Banking Industry (2006, methodology): “…acquisition literature indicated that event study methodology (and, hence, cumulative abnormal returns) has been the most frequently used analytical approach for measuring acquisition performance (e.g., Capron & Pistre, 2002; Finkelstein & Haleblian, 2002; King et al., 2003; Rhoades, 1994).”
Cultural differences, MNE learning abilities, and the effect of experience on subsidiary mortality in a dissimilar culture: Evidence from Korean MNEs (2013, background): “Finkelstein and Haleblian (2002) applied the concept of “negative transfer effect” (originating in psychology) to describe the negative effect that experience has on subsequent activities when the prior and subsequent activities are dissimilar.”
Learning to internationalise: the pace and success of foreign acquisitions (2007, background): “Haleblian and Finkelstein (1999) and Finkelstein and Haleblian (2002) argued, based on a psychological theory called ‘transfer theory’, that acquirers mistransfer routines from their first acquisition to subsequent but different ones, decreasing company performance.”
Mergers and Acquisitions: Overcoming Pitfalls, Building Synergy, and Creating Value (2009, background): “Essentially, the firm must learn to adapt the knowledge gained to the context in which it is applied (Finkelstein & Haleblian, 2002).”
Effects of Industry- and Region-Specific Acquisition Experience on Value Creation in Cross-Border Acquisitions: The Moderating Role of Cultural Similarity (2015, background): “with various facets of the acquisition process – from target evaluation, selection, and the due diligence process, to negotiations and post-acquisition assimilation (Finkelstein and Haleblian, 2002; Vermeulen and Barkema, 2001).”
Critical success factors through the Mergers and Acquisitions process:revealing pre- and post- M&A connections for improved performance (2013, background): “This has received empirical support from Finkelstein and Haleblian (2002) showing size similarity between merging firms is associated with higher announcement returns.”
Knowledge-sharing Behavior and Post-acquisition Integration Failure (2005, background): “At the same time, heavily relying on prior success may lead to inertia in adapting to new and changed situations and contexts (Finkelstein and Haleblian 2002).”
Explorative and Exploitative Learning from External Corporate Ventures (2005, methodology): “The same or very similar measures have been commonly used in prior research (Finkelstein & Haleblian, 2002; Haleblian & Finkelstein, 1999; Villalonga & McGahan, 2003).”