Reference
Laamanen, T., Zimmermann, A., & Bian, D. (2019). Composition of Acquisition Sequences: The Effects of Different Types of Acquisition Patterns on Acquirer Performance. Presented at the 39th Annual International Conference of the Strategic Management Society, Minneapolis.
Publication type
Presentation at Scholarly Conference
Abstract
While research has shown that variability in the rhythm of an acquisition sequence is negatively related to acquirer performance, we do not know whether this also applies to variability in the types of (explorative and exploitative) acquisitions in such a sequence. Based on a panel study of 153 active acquirers over 25 years, we corroborate prior research, which has shown that combining exploration and exploitation within an individual acquisition is not suited to improve acquirer performance. However, we also found evidence that other compositions of explorative and exploitative acquisition sequences are related either positively or in a u-shaped manner to acquirer performance. As a whole, our findings contribute to an improved understanding on the effectiveness of acquisition sequences to contribute to both exploration and exploitation.
Research
- Tackling the Complexity of Managing Paradoxes
- FFF-Förderprojekt, May 2018 until August 2020 (finished)
Companies and organizations in general are facing an ever growing set of expectations from their different stakeholders. They are supposed to be efficient and profitable, they must be innovative and ... more ...
Persons
Organizational Units
- Institute for Entrepreneurship
- Chair of Entrepreneurship and Strategic Management