When do firms learn from their acquisition experience? Evidence from 1990 to 1995

By Mathew L. A. Hayward. 2002

850 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a8b6c225b03b92fc98343fb6e8d096f93afcd03e

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Citations in the corpus

The choice among acquisitions, alliances, and divestitures (2005, background): “From an organizational learning perspective, the value generated by an acquisition or an alliance depends on a firm’s acquisition or alliance capabilities, which firms develop through repeated experience with these governance forms (Dyer and Singh, 1998; Haleblian and Finkelstein, 1999; Anand and Kh”
Performance Implications of Firm Resource Interactions in the Acquisition of R&D-Intensive Firms (2008, methodology): “Seventh, we control for an acquiring firm's acquisition experience, measured similar to Hayward (2002) as the sum of the number Table 1 Variable Means, Standard Deviations, and Correlations a Variable Mean S.D. 1 2 3 4 5 6 7 8 9 10 11 12 13 1. a n = 133; * p ≤ 005; * * p ≤ 001. of acquisitions that…”
When Does Prior Experience Pay? Institutional Experience and the Multinational Corporation (2014, methodology): “I used country-level 4-digit SIC code matching (Hayward, 2002), collecting data for each company from a variety of sources (primarily Dunn & Bradstreet Million Dollar database, Compustat, Orbis, Factiva, Gale, and Buddecom telecom reports).”
The Impact of Added Cultural Distance and Cultural Diversity on International Expansion Patterns: A Penrosean Perspective (2011, neutral): “In order to control for size effects, we measured the variable ‘size’ using sales for each MNE during the first year of our time range of analysis (Gómes-Mejia and Palich, 1997; Hayward, 2002).”
Critical success factors through the Mergers and Acquisitions process:revealing pre- and post- M&A connections for improved performance (2013, methodology): “Pay the Right Price (Pre2) California Management Review (Inkpen, Sundaram, & Rockwood, 2000) Harvard Business Review (Howell, 1970; Anslinger, Copeland, & Thomas, 1996; Bower, 2001) International Journal of Management Reviews (Tuch & O’Sullivan, 2007) Journal of International Business Studies (Seth,”
The double-edged sword of cultural distance in international acquisitions (2009, background): “Early strategy research has emphasized contingencies that could explain variance in the success of newly combined firms, such as relatedness (Lubatkin, 1983), relative size (Bergh, 1995; Bruton, Oviatt, & White, 1994), and prior acquisition experience (Hayward, 2002).”
Performance effects of “added cultural distance” in the path of international expansion: the case of German multinational enterprises (2008, background): “However, it might be interesting to capture other relevant issues, such as the success of prior expansion steps (Hayward, 2002).”
Measuring the Performance of Corporate Acquisitions: An Empirical Comparison of Alternative Metrics (2006, neutral): “Hayward, 2002 ). Others have relied on objective measures including the acquirer’s”
Learning Sequences: Their Existence, Effect, and Evolution (2012, background): “…many studies have suggested that greater performance from learning stems from enlarging the number (Anand & Khanna, 2000; Argote, 1999) or variety (Hayward, 2002; Schilling, Vidal, Ployhart, & Marangoni, 2003) of experiences to be observed, our study suggests the complementary idea that it can…”
All Aspirations are not Created Equal: The Differential Effects of Historical and Social Aspirations on Acquisition Behavior (2014, methodology): “Although the CAR is the most frequently used analytic approach for measuring acquisition performance in prior research in strategy (e.g., Capron & Pistre, 2002; Hayward, 2002) and finance (e.”
Sociocultural Integration in Mergers and Acquisitions: Unresolved Paradoxes and Directions for Future Research (2013, neutral): “…& O'Sullivan, 2007); power and status similarity between firms (Ahuja & Katila, 2001; Chung, Singh, & Lee, 2000); accumulated merger experience (Hayward, 2002; Jemison & Sitkin, 1986b; Krishnan, Miller, & Judge, 1997; Meschi & Metais, 2006; Vermeulen & Barkema, 2001; Very et al., 1997; Zollo &…”